Porsche says it’s pleased with orders for new Panamera

October 1st, 2009 September Auto Sales: Porsche Cars North AmericaATLANTA — Porsche Cars North America Inc. said Thursday its September auto sales rose 8 percent, the second month in a row Porsche reported a rise.

August 15th, 2009 Qatar acquire 17% Porsche stakeDOHA, Qatar — Qatar Holding has announced it will acquire a 17 percent stake in Volkswagen AG, which is merging with Porsche, in a deal that will exceed $10 billion. This comes after the Porsche and Piech families said it will sell a 10 percent stake of their shares to the Gulf company.

August 13th, 2009 VW, Porsche meet, merger news eyedFRANKFURT — Officials from German car companies Volkswagen AG and Porsche AG were meeting in Wolfsburg Thursday afternoon amid intense interest about their announced merger. Observers are anxious to hear what plans the supervisory boards have and what sort of financial commitments are being made in their efforts to form closer ties.

July 23rd, 2009 STUTTGART - Wendelin Wiedeking, the chief executive of German carmaker Porsche AG, resigned Thursday after losing a power struggle with Volkswagen, which is set to take over Porsche. Porsche's supervisory board agreed on Wiedeking's departure after a night-long session, making him the first high-calibre victim of the drawn-out takeover battle between Porsche and Volkswagen AG.

July 23rd, 2009 Porsche board meets amid talk of takeoverSTUTTGART, Germany — Porsche Automobil Holding SE's supervisory board agreed early Thursday morning to seek a capital increase of at least €5 billion ($7.1 billion), and threw its weight behind talks with a Qatar investment fund, a spokesman said. Porsche spokesman Albrecht Bamler said the decisions came after a special meeting that started late Wednesday — a day earlier than Porsche SE — which owns Porsche AG and a 51 percent stake in Volkswagen — had originally planned an extraordinary meeting to talk about the future of both of the companies.

July 23rd, 2009 Biography details on new Porsche CEO Michael MachtNAME: Michael Macht AGE: 48; born Aug. 28, 1960, in Stuttgart, Germany.

July 23rd, 2009 BERLIN - The supervisory board of German carmaker Porsche early Thursday approved a 5 billion euro ($7.1 billion) capital increase that could clear the way for a takeover by Volkswagen. The announcement came after a several-hour closed-door meeting to reach an agreement on the future of the iconic sports car maker.

July 20th, 2009 VW shares slide on Porsche concernsFRANKFURT — Shares of Volkswagen AG slid Monday following a report that a plan by Europe's biggest auto maker to buy Porsche could be derailed by hefty tax demands. The German daily Sueddeutsche Zeitung, citing unidentified supervisory board sources at Porsche, reported that a plan for VW to buy 49 percent of the heavily leveraged sports car maker could trigger tax demands of up to euro3 billion (nearly $4.3 billion).

July 10th, 2009 Porsche board to hold special meetingSTUTTGART, Germany — Porsche's supervisory board will hold an extraordinary meeting on July 23, a spokesman said Friday, as the company grapples with debt that it accumulated building up its share in Volkswagen AG. Spokesman Albrecht Bamler confirmed the date of the Porsche Automobil Holding SE meeting but would not say what it would discuss.

June 22nd, 2009 Porsche: Bank seeks improved credit bidSTUTTGART, Germany — Car maker Porsche said Monday that a German state-owned bank has asked it to make improvements in its application for euro1.75 billion ($2.4 billion). Stuttgart-based Porsche is trying to alleviate debt it ran up as it increased its stake in larger German auto maker Volkswagen AG, in which it now holds a 51 percent stake.

June 19th, 2009 Porsche's 9-month profit drops to €4.6 billionBERLIN — Automaker Porsche SE said Friday its nine-month profit dropped 15 percent to €4.6 billion ($6.4 billion), excluding its holdings of Volkswagen AG, as the global economic crisis drove down demand for new cars. The Stuttgart-based luxury carmaker said its sales from Aug.

June 10th, 2009 Porsche confirms investment talks with QatarBERLIN — Porsche is in exclusive talks with a Qatar state investment fund looking to take a stake in the German sports carmaker, a spokesman confirmed Wednesday. Porsche Automobil Holding SE spokesman Albrecht Bamler would not disclose specifics, but said that "the talks are taking place in a good atmosphere." Stuttgart-based Porsche owns nearly 51 percent of Volkswagen but ran up debt as it increased its stake.

May 6th, 2009 Piech, Porsche families meet in AustriaSALZBURG, Austria — The families that control Porsche meet Wednesday to decide if the automaker should sell Porsche to Volkswagen or even merge the two German automakers. Members of the Piech and Porsche families, the controlling share holders of Porsche Automobil Holding SE are meeting privately in Austria, but neither company has said what the talks are focusing on.

April 7th, 2009 NEW DELHI - German auto major Porsche's upcoming model Panamera will be available in the Indian market by October this year in the price range of Rs.14.17-Rs.20.18 lakh, a top official said Tuesday. Porsche, which operates in India through the import route, will unveil the new sedan at the upcoming Shanghai Motor Show, to be held April 22-24.

January 5th, 2009 STUTTGART - Volkswagen (VW) shares rose sharply Tuesday, a day after sports carmaker Porsche announced it had acquired a majority stake in its German rival. VW shares climbed to 287.09 euros ($384) on the Frankfurt Stock Exchange, up 12.7 percent from Monday when Porsche disclosed it had increased its stake in Europe's biggest carmaker to 50.76 percent.