Word: feuds
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...door, 4-seater sedan that it hopes will reverse flagging sales and maintain its status as the world's most profitable auto maker. But even as the motoring press descends on Stuttgart to test drive the new car, the Panamera launch is being overshadowed by a bizarre feud in the company's founding family that is starting to damage both Porsche and its sister company...
...players in the feud are Ferdinand Piech and Wolfgang Porsche, both of them grandsons of the visionary automotive engineer Ferdinand Porsche, who invented both Porsche and VW back in the 1930s. Wolfgang Porsche is chairman of Porsche, while his cousin Piech is chairman...
There's baking soda and vinegar, gasoline and a match, acid and eyeballs and Oprah and James Frey. Or wait - should we scratch that last pair off the list? Has the notorious and telegenic feud between the two cooled? According to an article in Vanity Fair, which has been confirmed by Oprah's folks, the talk-show host recently reached out to the best-selling author she annihilated on live TV a few years ago for fibbing in his memoir...
...time. Its gambit to acquire VW cost Porsche dearly as it piled up a $12 billion mountain of debt to finance stock purchases. With the sports carmaker beginning to struggle under the weight of that debt, Porsche and Piech met in Salzburg, Austria on Wednesday to end the feud. Following that meeting, Porsche issued a statement declaring that the two companies aimed to "develop a corresponding basis for decision-making on the future structure of the common group...
...electoral politics. (One of the participants also runs a free class called The Secrets of Gmail: A Pre-Advanced Course.) In northern Burma, where minorities recall that ethnic-based parties came in second and third in the 1990 polls--the army's party finished fourth--insurgent groups encouraged to feud by the junta are now considering political alliances...