A rumor rated as 'speculation' is one that has no supporting information
A rumor rated as 'strong' is one where we received information from more than one source.
A rumor rated as 'fact' is one that has proven to be true
A rumor rated as 'false' is one that has proven to be false based on new information
These rumors are just that, RUMORS, and are not to be taken as 'fact'
unless so noted. Please visit our Hot News page for news. If you have a rumor, or can supply
more information about one listed here,
e-mail us with as
much supporting information as possible and we may post it. User Agreement and Disclaimer.
Newer rumors supersede older ones of the same topic. Go to our
discuss any rumor.
Volkswagen eyes move on Porsche Volkswagen is considering an audacious bid for Porsche’s automotive business, in another extraordinary twist in the corporate saga surrounding Germany’s most famous car dynasty.
Several people close to the situation said VW’s management was weighing the option of buying Porsche AG, in a move that would bring relief to the highly indebted parent Porsche SE holding company.
This would turn upside down Porsche’s audacious takeover of VW, which started three and a half years ago. VW is Europe’s largest car company whose turnover is roughly 15 times as great as Porsche’s.
“The tail would finally stop wagging the dog,” said a person familiar with the thinking of VW’s management.
Wendelin Wiedeking, Porsche’s chief executive, has in the past repeatedly locked horns with VW’s management and works council.
The plan emerged as shareholders were set to convene at VW’s annual meeting on Thursday. More at FT.com
Copyright 1999-2013 | AutoRacing1 is an
independent internet online publication and is not affiliated with, sponsored by, or endorsed
by IndyCar, NASCAR, FIA, Sprint, or any other series sponsor.
This material may not be published, broadcast, or redistributed without