The titanic power struggle at carmakers Volkswagen and Porsche continues
Ema Nevenka JülichJuly 20, 2009
The titanic power struggle at carmakers Volkswagen and Porsche continues.... The Porsche and Piech families -- who control Porsche -- have fallen out over how to dig the sportscarmaker out of debt. Porsche amassed a debt of over nine billion euros in an abortive attempt to swallow Europe's largest carmaker Volkswagen. Speculation continues that Volkswagen will now takeover Porsche, but no announcement expected until the end of the month. And at Porsche, there's considerable resistance to being swallowed by Europe's largest carmaker. +++SYN-MAZ+++