Plenty Car
betaYou are not Logged in!
Do you want to Login or Register
Request New Password
Wiedeking Is not Giving up Porsche
Wendelin Wiedeking has been Porsche CEO since 1993. During these years he has done a great job: led the company from being a bankruptcy candidate to the status of the world’s most profitable automaker. Until the economic crisis Porsche was on top of success. Lately Wiedeking has been accused to leading the company to a huge debt of more than $12.7 billion in attempt to avoid the merge with Volkswagen.
Porsche CEO has been fighting fiercely against the united companies. Wiedeking was raising funds through deals with the Gulf state of Qatar, but it was not enough. Unfortunately, rich VW will take over 49 percent of the stake even if Wiedeking does not want it.
There has been gossip that Porsche CEO was offered $141 million payoff to step down from his position and allow the companies to merge successfully, but Wiedeking does not comment this information. He plans to stay in the position of Porsche leader till his contract expires in 2012. As for now he says, “I am a happy CEO and feel fit and well in the role”.
Get Low Rates with our partners:
Cheap Tires:
Auto Accessories:
Get Car Insurance Quotes:
Related Stories
Wiedeking Is Leaving Merging Porsche
Porsche and Volkswagen merge is finally done and there is no more doubt that since now the two companies will work together. The results of the merge changed the head of the Porsche.
Chevy Cruze Can Be Tested with Competitors
General Motors is so confident in its new Chevrolet Cruze that it asks 3,000 Chevy dealers to purchase competitor’s vehicles for test-drive comparisons.
Corvette Event in Carlisle
Chevrolet Corvette is one of the few classic American muscle cars, adored by thousands of people. This weekend many of them went to the “America through Corvettes” event, which took place in Carlisle, Pennsylvania.
Volkswagen Truck Is Not Coming to North America
Although American media was saying that Volkswagen Amarok would be coming to the U.S. pretty soon, VW representative in Brazil made it clear this week that the new pick-up truck will go to many countries, but it is not coming to North America.
Best Vehicles for Dogs from AAA
It is always convenient and necessary to own a vehicle that would satisfy the needs of an owner. People with children buy autos which have a lot of inner space and more safety features, those who transport a lot of cargo: wood, tools, bricks, pipes, etc., give preference to pick-up trucks... What do dog-owners like?
Popular content
Today's:
Plenty Car Tracker
Content tags
Who's online
Syndicate
