Porsche CEO forced out – answers

correct the statements

1. The CEO has decided to step down. He was forced to step down.
2. His departure was planned. It followed a power struggle.
3. He was the only director to leave. The Finance Chief also stepped down.
4. Wiedeling was Germany’s most famous CEO. He was the highest paid.
5. Porsche is Europe’s biggest car maker. VW is the biggest.
6. It has survived the credit crunch well. No, it has billions of euros of debt.
7. Wiedeling’s successor has come from outside the company. He is the former head of production in Porsche.
8. Porsche and VW have now merged. Not yet, it looks as though they will.
9. The families who control Porsche will make a capital investment in the business. This isn’t certain the investment may be external.
10. The group will have 10 grand. They will have 10 brands.
11. VW has its headquarters in Stuttgart. Porsche has its headquarters in Stuttgart.
12. Qatar will take a stake in Porsche in mid August. The decision will be made about whether Qatar will have a stake or not in August.