DriveInside.com | Wednesday July 16, 2008
The Indian subsidiary of luxury car maker Porsche, Porsche Cars India has appointed Mr. Rod Wallace as its new Managing Director.
Mr. Wallace, with nearly 30 years of experience in the industry, would be responsible for overseeing the company's initiatives and operations in the growing Indian market.
Speaking to the press Mr. Wallace that Read More...
DriveInside.com | Friday March 14, 2008
Wolfsburg based Europe’s largest auto manufacturer Volkswagen hoped to become the “best auto manufacturer in the world” with Porsche’s bid for takeover materializing for real.
Mr. Marin Winterkorn, Chairman Volkswagen AG said, “A new automobile enterprise is now taking shape that will open an entirely new era…We know a player is emerging here Read More...
DriveInside.com | Tuesday March 4, 2008
Porsche on Monday announced its plans to lay claim to the majority stakes in Europe’s largest auto manufacturer Volkswagen. Porsche already owns about 30% stake in VW.
The decision would result in an investment of about $15.17 million in Volkswagen and hence increasing the Porsche ownership of shares to above 50% from 30%.
Porsche’s Chief Read More...