Entries tagged "Porsche"
Out as CEO, Wendelin Wiedeking may have warm memories of German carmaker Porche as well as a $71.2 million severance to ease his sorrows.
Luxury carmaker Porsche has been turned down for a $2.44 billion loan from the German government.
Forget car sales. Porsche is raking in profits by playing the market.
With mounting debts exacerbated by a bad €1 billion ($1.35 billion) bet on shares of carmaker Volkswagen AG, German billionaire Adolf Merckle, who according to Forbes is the world's 94th wealthiest person, took his own life Monday. In a statement, the industrialist's family said the 74-year-old felt helpless by the process of trying to cover his bad investments. ...