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Porsche announced the U-turn late on Wednesday after a series of intense meetings between Wolfgang Porsche and Ferdinand Piech, the patriarchs of the families that control the two iconic German companies. Now, VW and Porsche will enter weeks of intense talks to thrash out the final structure of a...
Strategically, the move made sense for Porsche. VW is Porsche's most important parts supplier. The European Union was keen to strip voting restrictions on VW shares that protected it from a hostile takeover. And Porsche saw itself as a white knight, coming in to shield VW from any potential...
But Porsche's biggest obstacle was Piech, whose grandfather designed the iconic VW Beetle and also created the foundations of the Porsche brand. Piech has long had ambitions of bringing Porsche under VW's roof and has been working for years to build VW into the world's leading car...
Statistics 08-09 (Year by the Numbers) Power outage leaves Yard in the dark: around 8:20 p.m. Let there be light, again: 2:42 a.m. Power returned: 2008 Harvard-Yale Game Score: 10-0 Temperature at 2008 Harvard-Yale Game, in Farenheit: Really, really, really cold. Harvard real estate...
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