Wendelin Wiedeking, former Porsche CEO turned pizza baker, will have to defend himself in criminal court. Along with his former CFO Holger Härter, Wiedeking has been indicted in Stuttgart. This follows a three year probe by the public prosecutor in Stuttgart which had been looking into market manipulation and illegal disclosure of insider information. Only the market manipulation charge survived. (Read More…)
Remember Wendelin Wiedeking? The dethroned Porsche CEO that saw himself as chief of Volkswagen and possibly the world’s largest automaker, has found a new market niche: Pizza. He started a pizza & pasta chain called Vialino, which hopes to feed the hungry mouths of in Germany, Austria, and Switzerland with faux Italian food. Before the first pizza is out of the oven, there is already new trouble: Two German companies feel duped. (Read More…)
After three years of work, police in Germany concluded its probe into the affair surrounding the failed takeover of Volkswagen by Porsche. Former Porsche CEO Wendelin Wiedeking and his then CFO Holger Haerter have been investigated for market manipulation. According to Der Spiegel, the public prosecutor in Stuttgart, Germany, will charge the duo. Reuters heard meanwhile that the trigger is not yet being pulled, and that the two have three suspense-filled months ahead of them. (Read More…)
Recent Comments
Volt 230 - My 86 had a vibration since it was new starting at 70mph, took it in several times, had wheels balanced on car, nothing worked, finally just decided...
Summicron - “intended for the proletariat” He’s right. I’m a prole and I love hatches. But our ’08 Rio5 has nary a rattle...
jeffzekas - My oldest son owned a Jetta- broke down constantly. But, it WAS very stylish! Perhaps I am one of the few people who thought the Manta was...
Maintainer - Amazing story. Never underestimate “Nerd Rage”. It doesn’t take much to trigger it.
Summicron - I admire this article more with each re-read. Such a clever use of past vehicles as a vehicle to deliver the subtext: “As it was in the...
noreaster - If you really think criticism of government “investment” is based on the...
CJinSD - In your view, which countries other than Japan are first world countries? The UK? Ford...
Inside Looking Out - Right – it is called third world country – the country which is...
CJinSD - Why do Americans like cars with trunks? Why do the most prosperous people the world over like cars with trunks? Pretty much the same reasons...
RobertRyan - “Brazil’s iron ore is a sought after commodity on the world market as well (especially in places like Australia and...