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Porsche SE: We have 2.61 billion euros for acquisitions


Porsche Automobil Holding SE has 2.61 billion-euro ($3.64 billion) available for possible acquisitions that are beyond its controlling stake VW Ag., the largest carmaker in Europe. The German holding company with investments in the automotive industry, last year looked at more than 24 potential takeover targets – but at the end did not moved ahead with any agreement. When asked by Reuters at what companies ...
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More martin winterkorn articles

CEO Martin Winterkorn Says VW Open to Further Acquisitions
VW CEO Martin Winterkorn said that the automaker is open to further acquisitions. "We are currently well positioned with 12 brands, but there are always opportunities that one cannot pass up," ...
Volskwagen posts 41 percent increase in net profit for 2012
Volkswagen AG posted a net profit of 21.7 billion euros ($28.7 billion) for 2012, up 41 percent on revenues that were 21 percent bigger. Volkswagen said in a press release Friday ...
Volkswagen forecasts stagnating operating profit in 2013
Volkswagen AG forecasts that operating profit this year will match last year's level, as the shrinking auto market in Germany affects earnings. Earnings before interest and taxes, which rose 2.1 percent ...
VW CEO to have his 2012 paycheck cut by 20 percent
Volkswagen CEO Martin Winterkorn will receive a 14 million euros ($18.7 million) paycheck for 2012, 20 percent less than in 2011. According to a report from German magazine Der Spiegel cited ...
Winterkorn to remain VW CEO until the launch of the next Golf
Volkswagen CEO Martin Winterkorn said he may remain at the helm of Europe's biggest carmaker beyond the term of his current contract to launch the new Golf model. VW chairman Ferdinand ...
Report: VW CEO expects to earn less this year
Volkswagen AG CEO Martin Winterkorn, the highest-paid top manager among Germany's biggest companies, expects to earn less this year. Winterkorn said that is because the carmaker considers limiting compensation packages. A compensation ...
Piech suggests VW will add at least one brand
Volkswagen AG chairman Ferdinand Piech suggested the company has plans to add at least one brand to the lineup in a bid to become the world's largest carmaker by 2018. In ...
Bentley EXP 9 F SUV not given green light yet, annual production may vary between 3,000 and 4,000
Following a report from German business daily newspaper Handelsblatt saying the EXP 9 F Falcon SUV has been given the green light for production, we contacted Bentley to confirm. Although Bentley ...
VW Opens Engine Plant in Mexico
VW opened a new engine plant in Mexico, part of its North American offensive. After VW unveiled a SUV at the Detroit auto show, a rival for Ford’s Explorer, CEO Martin ...

latest automotive news
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[VIDEO] Mercedes-Benz S500 Plug-in Hybrid gets new promo
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[Video] Mercedes simulator trains you to become the better driver
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Recall roundup: Mercedes-Benz SLK and SL for Takata airbags
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Mercedes-Benz to further cut costs, even as profit beats estimates
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[VIDEO] Hear the 2015 Ford Mustang EcoBoost
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[VIDEO] Dodge Challenger SRT Hellcat – POV drive on the track
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General Motors continues its recall spree
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