Jul 23 – Porsche CEO Wendelin Wiedeking is forced to step down, as the German sportscar maker looks to merge with mass-market rival VW to safeguard its future.
Joanna Partridge reports
Porsche CEO forced out
correct the statements
The CEO has decided to step down.
His departure was planned.
He was the only director to leave.
Wiedeling was Germany’s most famous CEO.
Porsche is Europe’s biggest car maker.
It has survived the credit crunch well.
Wiedeling’s successor has come from outside the company.
Porsche and VW have now merged.
The families who control Porsche will make a capital investment in the business.
