Porsche

Stuttgart -- Porsche announced Thursday Wendelin Wiedeking, its longtime chief executive, is stepping down, a move observers say may hasten a Volkswagen takeover.

Germany, July 20: Porsche SE (Xetra: PAH3, FWB: PAH3) and Volkswagen (FWB: VOW), the two German automobile manufacturers have been seeking to build an integrated car company since May, but in vain.

Frankfurt, Germany, June 19: Porsche Automobile Holding SE, the manufacturer of luxury, high performance automobiles, has reported 28 percent slump in its nine-month unit sales.

Dubai, June 17: Qatar will reveal the outcome of the parleys with Porsche SE (Xetra: PAH3, FWB: PAH3), which are primarily centered around the size of the stake that the government will buy in the besieged German sports car maker, in two to three weeks.

Frankfurt, Germany, May 18: Porsche AG (Xetra: PAH3; FWB: PAH3) and Volkswagen (FWB: VOW; TYO: 7659) called off merger talks barely a fortnight after the families having controlling stake in the automakers initiated the parleys.

Stuttgart, Germany, May 7: After a bumpy and belligerent ride spanning four years of corporate deal making, Porsche AG (Xetra: PAH3; FWB: PAH3) and Volkswagen (FWB: VOW; TYO: 7659) appear to be motoring along nicely towards their marriage.