Word: germanic
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Over the past few days, the German luxury automaker Porsche has moved into high gear with the launch of its latest model, the Panamera, a 4-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...
...nasty, vindictive battle that, in keeping with bad cases of sibling rivalry, risks spiraling out of control and hurting everyone involved, including the shareholders, customers and workers at the two German automakers. And, as so often in family battles, it seems to center on power and control rather than substance. (See the 50 worst cars of all time...
...Porsche turned to the German government for help, but was rebuffed. Wiedeking has been negotiating with the Gulf state of Qatar over a cash infusion, but has so far failed to reach any deal. Piech sees the crisis as an opportunity to turn the tables and for VW to take control of Porsche, rather than the other way around. He's offered to buy Porsche's auto operations - but in a manner that provoked a furious response. Last weekend, the usually press-shy Wolfgang Porsche fired off an angry statement to the media accusing his cousin of issuing an ultimatum...
...someone were to ask me about my ethnic background in Cambridge, I would equate the question with an invitation to discuss my mixed ancestry—my father is Libyan, and my mother is German...
...tiny island, but Pound’s plaque gives a profound sense of relief. Maybe it is the sheer lack of graveyard pomp that calms his visitors, or the quirky fact that he lies in the “Rec Evangelical” (along with many other German, American, and British figures) that makes the pilgrimage to his grave shorn of the formalities of commemorative splendor and ostentation. Here, when one encounters a distinct lack of assured beautification, it does not seem for lack of intent to celebrate the object, or its meaning. Or perhaps it is because, apart from...