VW and Porsche: That's Why the Collapse of the Subsidiary Is so Serious for the Group
15 Articles
15 Articles
Porsche Automobile Holding SE, Volkswagen's main shareholder, defended immediate actions to increase the competitiveness of the German assembler after registering billions of euros in losses with the depreciation of its equity shares in the first semester. Exclusive material for subscribers. To have full access, access the link of the material and register.
The CEO of Porsche Auomobil Holding, Hans Dieter Poetsch, goes nearing on Vw, in order to make quickly the decisions regarding the cutting of the places and the closing of the factories. "The Vw group is in front of a historical turning point. (ANSA)
Holding Porsche SE, the main shareholder of the German car group Volkswagen, fell into a loss of 2.2 billion euros (53 billion crowns) in the first half of the year after a profit of 338 million euros (8.2 billion crowns) a year ago. The group called for quick measures.
Porsche reacts to its own crisis with a savings package, which includes the reduction of jobs. However, the parent company VW still discusses the right path. This creates nervousness.
Weak figures from VW and Porsche burden the result of the holding company. Rapid cuts demanded by Volkswagen.
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