Matthias Mueller News
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Porsche AG, the Volkswagen AG unit that builds the 911 sports car, plans to expand its sales network 33 percent by 2018 as demand for upscale vehicles jumps in emerging markets such as China and its model line grows.
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Porsche Automobil Holding SE may move parts of its production to China, Focus magazine reported, citing Chief Executive Officer Matthias Mueller .
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Volkswagen AG’s Porsche said criminal allegations by a former Indian importer that the maker of the 911 sports car breached contractual obligations by terminating its services were “baseless.”
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Happy days are here again for Porsche, Lamborghini and other elite auto brands.
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Volkswagen AG’s Porsche sports-car unit moved to shore up its industry-leading profit margins by cutting the number of labor hours required to produce a vehicle.
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Porsche SE , the sports-car maker that plans to merge with Volkswagen AG, said a timetable to sell 5 billion euros ($7 billion) in shares still stands amid the volatile financial markets following the Japanese earthquake.
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Porsche AG, the sports-car maker being purchased by Volkswagen AG, said first-half profit jumped 21 percent on demand for a new generation of the 911.
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The following companies’ shares may have unusual moves in European trading. Stock symbols are in parentheses.
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Matthias Mueller , the new Porsche AG chief executive officer tasked with reviving the luxury-car maker’s vehicle lineup, faces his first test with the introduction of a new line of smaller Boxster roadsters.
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Ferdinand Alexander Porsche, the designer of the original version of the iconic 911 sportscar, died today in Salzburg, Austria. He was 76.
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