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Volkswagen Needs to Invest, Porsche Needs to Get Paid: the Clash that Threatens the Survival of Both
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Volkswagen Needs to Invest, Porsche Needs to Get Paid: the Clash that Threatens the Survival of Both
The Porsche-Piëch family needs dividends from Volkswagen to pay its debts, just as the German group is running out of cash. At the same time, Porsche is experiencing a downturn that further reduces those revenues. This clash of interests threatens the stability of both manufacturers. The Porsche-Piëch family, one of the most influential clans in the European automotive industry, is trapped in a situation that threatens both Volkswagen and Porsch…
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