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Porsche shopping spree?Navigation: Main page Author: Unknown Section: final assembly
Porsche bought nearly 20 percent of fellow German automaker Volkswagen this year, and it may be doing some more shopping. At the company's annual meeting in January, the agenda includes a proposal to change corporate bylaws to allow Porsche to buy or invest in companies outside Germany, or to set up foreign branches. A Porsche spokesman said the automaker has no firm plans for foreign investments. Will the change be made? Bet on it, given the shareholder demographics. The Porsche and Piech families (as in Ferdinand Piech, former VW CEO and grandson of Porsche founder Ferdinand Porsche) control all the votes. PHOTO (COLOR): ISTOCKPHOTO in the Fair Use guidelines of the 1976 U.S. Copyright Act. info [at] singlearticles.com Powered by CommonSense |
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