POAHF.PK: Porsche Automobil Hg StockTalks

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Thursday, July 5, 2012, 2:53 AM Volkswagen agrees to buy the 50.1% stake in Porsche it doesn't already own for €4.46B ($5.6B), ending a seven-year takeover saga. Comment! [M&A, Consumer]
Friday, August 12, 2011, 7:05 AM Porsche (POAHF.PK) reports global sales for July were down 4%, but remain up 29% Y/Y for the first seven months of the year. The firm is riding the strength of sales in China where its Cayenne SUV is helping bring in 73% Y/Y sales growth. Comment! [Global & FX, Consumer]
Monday, March 28, 2011, 7:45 AM Porsche (POAHF.PK) is raising around €5B ($7B) to cut its debt to €1.5B ahead of a merger with Volkswagen (VLKAY.PK). Porsche will issue a combined 131M ordinary and preferred shares to current owners at €38 each, a 32% discount to the preferred stock’s Friday close. Comment!
Thursday, February 24, 2011, 8:47 AM Prosecutors are expanding their investigation of Porsche's (POAHF.PK) former top execs, a development that could delay or even jeopardize the firm's planned merger with Volkswagen (VLKAY.PK). The execs allegedly took on risks that threatened the company's survival in a takeover battle with Volkswagen. Comment!
Monday, January 3, 2011, 7:31 AM Volkswagen (VLKAY.PK) hangs onto CEO Martin Winterkorn for another five years, extending his contract as the company works to complete a merger with Porsche (POAHF.PK) and overtake Toyota (TM) in sales and profit by 2018. Comment!
Friday, December 31, 2010, 7:24 AM A federal judge dismisses a lawsuit brought by 10 hedge funds against Porsche (POAHF.PK), which accused the carmaker of cornering the market for Volkswagen (VLKAY.PK) shares and causing over $2B of damages. Comment!
Monday, December 27, 2010, 3:28 PM German automakers are the big losers today after China sharply limits the number of vehicle licenses it issues for Beijing. The ostensible reason is to reduce congestion and pollution, but car imports from the eurozone will bear the burden. BMW (BAMXY.PK -5.4%). Porsche (POAHF.PK -5.3%). Volkswagon (VLKAY.PK -5.27%). Daimler (DAI -6.21%). Comment! [Global & FX]
Saturday, October 30, 2010, 4:48 PM The odds against a merger between Porsche (POAHF.PK) and Volkswagen (VLKAY.PK) are rising. Potential legal and tax liabilities have grown recently, prompting Martin Winterkorn, CEO of both companies, to say there's now a 30% chance investors holding preferred shares in Porsche won't be able to swap their stock for equity in Volkswagen. Comment!
Tuesday, April 27, 2010, 9:28 AM Porsche (POAHF.PK) recalls all 11,300 Panameras it built, just months after the line was launched, to fix possible faulty seatbelt tensioners. The Panamera was meant to catapult Porsche to new levels of growth and help it poach customers from rivals. Comment!
Thursday, March 18, 2010, 5:06 PM Domestic brands made significant inroads in J.D. Power's 2010 Dependability Survey, with Lincoln (F) and Buick taking spots 2 and 3, behind Porsche (POAHF.PK), and ahead of Lexus (TM), Toyota, Honda (HMC) and Mercedes-Benz (DAI). Comment!
Tuesday, January 5, 2010, 12:53 PM Porsche (POAHF.PK) December U.S. sales: +1.7% to 2,118 vehicles, a fifth month of Y/Y increases. But for the calendar year, sales down 24% from 2008. Dec. Boxster/Cayman sales down 48%; Sales of new sedan Panamera Gran Turismo were 521. (PR) Comment!
Monday, December 7, 2009, 12:06 PM Volkswagen (VLKAY.PK +1%) takes the next step in its integration with Porsche (POAHF.PK) by paying €3.9B ($5.9B) for a 49.9% stake in the sports car maker, and hopes to take it over in full in 2011. 1 Comment
Tuesday, December 1, 2009, 12:40 PM Porsche (POAHF.PK) November U.S. sales: +18% to 1,626 vehicles, a fourth straight month of Y/Y increases. Boxster/Cayman sports cars up 52%. (PR) Comment!
Wednesday, November 25, 2009, 11:22 AM The merger with Volkswagen (VLKAY.PK -3.5%) will zero out Porsche's (POAHF.PK) debt of €11.4B ($17.2B) - liabilities that piled up in the six months after Porsche's own failed bid for control of VW. "By the time the merger is done, the level of more or less zero will certainly be reached,” says Martin Winterkorn, CEO for both companies. Comment!
Tuesday, November 3, 2009, 12:39 PM Porsche (POAHF.PK) October U.S. sales: +15% to 1,642 vehicles, its third straight month of Y/Y increases. Since Oct. 17 launch, 360 Panamera sedans sold. Boxster/Cayman sports cars up 77%. (PR) 1 Comment
Tuesday, September 1, 2009, 1:19 PM Porsche (POAHF.PK) August U.S. sales: +9% to 1,526 units. Porsche 911 +92% to 673; Cayenne -34% to 509. (PR) Comment!

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