Porodicni odnosi unutar VW-Porsche grupe

[methane.master]

Gotivili su se dok je trebalo da se sje*e porodična konkurencija.

Sent using Tapatalk

[dragvorl]

Zato sto je Piech hteo da forsira USA i Kinu jos vise, sa projektom jeftinog auta a la Dacia, a to se sve nije ostvarilo (u za njega dovoljnoj meri).
Inace u sustini raskol izmedju porodica Piech i Porsche traje od smrti Ferdinanda Porschea I (konstruktora Bube i jos mnogo toga...). Imao je sina, Ferry Porschea i cerku Louise koja se udala za coveka koji je bio saradnik i prezivao se Piech. Louise i Ferry su bili rivali od mladosti. Rukovodjenje fabrikom Porsche je preuzeo Ferry, a distribuciju VW-a u Austriji je radila Louise. Porsche je podeljen izmedju dece Ferrya i Louise (svako od po 4 dece je dobilo po 10%). Danas Porsche automobil holding SE ciji su vlasnici porodice Piech i Porsche (mislim da Porsche ima nesto veci udeo) drzi vise od 50% VW koji zauzvrat ima 100% udela u Porsche proizvodjacu automobila (kao u Audiju, Skodi, Seatu...). SLika govori vise od reci.

[methane.master]

Bemti kakvu seriju bi mogli da snime Hujić i Veljača.

Sent using Tapatalk

[Geza]

Porsche i dalje žali da kontroliše VW.

Suzuki sells 1.5% VW stake to Porsche holding company
http://europe.autonews.com/article/2015 ... ng-company

TOKYO (Reuters) -- Suzuki Motor said it has sold its entire 1.5 percent stake in Volkswagen Group to Porsche Automobil Holding SE and will post a special profit of 36.7 billion yen ($304 million) on the transaction.

The Japanese automaker said on Saturday that it had sold 4,397,000 Volkswagen common shares and that they would be transferred on Sept. 30.

Porsche SE said on its website that its holding in Volkswagen would increase to 52.2 percent after the transfer.

Suzuki has already bought back a 19.9 percent share of its own stock that Volkswagen was ordered to sell by an international arbitration court last month, ending a long-running dispute between the two after a cooperative agreement between them turned sour.

[methane.master]

Rekoh u drugoj temi... ne mogu da se otmem utisku da je sve ovo zadnjih dana i dalje rat unutar familije.

[Dusan]

Porsche i dalje žali da kontroliše VW.

Kad napises tako dolazi do zabune, ljudi prvo pomisle da je u pitanju Porsche fabrika, a ustvari je Porsche SE, ciji su vlasnici porodice Piëch i Porsche. Koriste priliku da povecaju procenat vlasnistva na 52.2% i da osiguraju ostale investitore.

[dragvorl]

Koga interesuje, u svetlu malo svezijih dogadjaja
Http://m.spiegel.de/international/busin ... 32210.html

[perfiko]

Kakav materijal za "sapunicu".

[Geza]

Why the Porsche-Piech family is not rushing in to fix scandal-hit VW Group
http://europe.autonews.com/article/2016 ... dal-hit-vw

As the diesel emissions scandal roiled Volkswagen Group last autumn, Wolfgang Porsche -- the elder statesman of the clan that controls the automaker -- did what he does every autumn. He put on his boots, picked up his rifle, and went deer hunting near the half-timbered Austrian farmhouse where he spent his childhood. As he has almost every year for decades, Porsche trekked through the woods above the blue waters of Lake Zell and dined at Schloss Prielau, a 16th-century stone castle he transformed into a luxury hotel.

What Porsche didn't do is take a clear stance as the carmaker his grandfather helped create sank into crisis. Last September, VW Group acknowledged equipping 11 million diesel vehicles with software designed to trick emissions testers -- revelations that have cost the CEO his job and thrown top management into disarray.

The crisis has sent the company's shares down by more than 20 percent, cutting the family's wealth by $2 billion. Last Friday, VW posted the biggest loss in its history and more than doubled the funds set aside to cover the costs of the emissions scandal to 16.2 billion euros ($18.2 billion).

Despite bearing one of most storied names in automotive history, the family -- which controls 52 percent of VW's voting shares via a company called Porsche Automobil Holding SE -- wasn't prepared for a challenge like the diesel crisis.

Power vacuum

Bound by a tradition of consensus and discretion honed during their privileged upbringing along the German-Austrian border, family members have remained virtually mum. That has left a power vacuum even as VW faces costs that could top $30 billion and become a hit to its reputation that risks eroding sales and profits for years.

Porsche, 72, made almost no public comment on the matter for months, until unions demanded a signal of commitment to the company. On Dec. 2, the VW supervisory board member traveled to Wolfsburg, where he spoke to 20,000 workers packed into Hall 11 of the giant VW factory. Porsche pledged to preserve jobs and praised management for its handling of the crisis, but said little that directly addressed the cheating.

"No one here is giving in to panic," Porsche told the overflow crowd. "I am of the rock-solid conviction that Volkswagen can weather the situation and emerge even stronger."

While the family has the voting power to muscle through change, they're not acting on it. The clan is a sprawling tribe of about 80 people with diverse interests and careers ranging from medicine to film to e-commerce. The ruling patriarchs, now well into their 70s, have been slow to hand the wheel to their children, few of whom have demonstrated an interest in the car business.

"We are not satisfied with the way the scandal is being handled,'' said Ingo Speich, a fund manager at Union Investment, which owns almost 1 percent of Volkswagen's shares. "The supervisory board is not doing a good job."

'Group therapy'

The clan's disengagement dates to 1972. After an internecine struggle over the company's direction that culminated in what family members call a "group therapy session'' at the Zell farmhouse with a professional mediator, they agreed to hand management to outsiders. And while the Porsches have had ties to VW since the 1930s, they only stumbled into control less than a decade ago -- the counterintuitive denouement of a failed bid by Porsche to take over its bigger rival.

With the family AWOL, the void has been filled by VW's powerful unions. Even before the crisis, labor had an unusually strong voice, holding half of the 20 seats on VW's supervisory board and typically finding allies occupying the two seats controlled by the state of Lower Saxony, VW's second-largest shareholder.

Since the crisis, Bernd Osterloh, Volkswagen's burly, combative union boss, has gone on the offensive with a message for the executive suite: This is your mess, and the workers aren't going to foot the bill.

When asked to identify a family leader of the next generation, Wolfgang Porsche singles out his 38-year-old nephew Mark Philipp Porsche. Mark Philipp -- whose resume says he spent 15 years studying business in Innsbruck and who is married to an Austrian television personality -- sits on the boards of VW Group Spanish brand Seat and the MAN truck unit. He declined to comment.

"They're not a bunch of technicians," Wolfgang Porsche said as younger family members checked out VW's latest offerings at the Geneva auto show in March. "But they don't have to be technicians. What's important is understanding and a clear head."

Next generation

One non-technician seeking a bigger role at VW is Peter Daniell Porsche. His father, Hans Peter Porsche, 76, has said he'll hand his board seat in the family holding company to Peter Daniell by 2020. When he inherits his father's shares, Peter Daniell -- an only child -- will have the largest individual stake among the family's fourth generation.

A former teacher at an alternative Waldorf school who in 2012 published a book titled "There's More to Life Than Building Cars," Peter Daniell, 42, is stepping up his engagement in the company. In the past two years, he has joined the board of VW Group Czech brand Skoda, started serving as vice chairman of a foundation run by VW's unions, and has been advising Porsche Design, a subsidiary that sells branded luggage and fashion accessories.

"I stand behind the company, absolutely," Peter Daniell said in the renovated 16th-century mill in Salzburg where he manages his investment interests. "But I'm going about it in my own way."

Piech's departure

The family lost its strongest voice at VW a year ago, when Wolfgang Porsche's cousin, Ferdinand Piech, quit the board after more than two decades as Volkswagen's guiding force. He started as an engineer at Porsche then transferred to VW Group premium brand Audi. In 1993 Piech took over as VW's chief executive officer, bringing the company back from near bankruptcy. In 2002 he became chairman of the supervisory board and helped make VW the world's biggest car maker.

Last April, the 79-year-old Piech was forced out after battling with then-CEO Martin Winterkorn (who resigned five months later because of the emissions scandal). Piech had sought to forge a dynasty at the company by naming his wife Ursula -- a former nanny for his family and 19 years his junior -- to the board in 2012. Fund managers at the time criticized her appointment, saying she was unqualified.

Ferdinand could hardly be more different from his cousin. Where Wolfgang is soft-spoken, a bit portly, and comes off as an avuncular country gentleman. Piech is all sharp angles, hard edges, and vicious in a fight. In his autobiography, Piech talks at length about ousting executives on his way to the top and insists harmony in the executive suite is overrated.

The cousins had a falling out when Porsche sided with Winterkorn during the dispute -- which Piech took as a personal affront, according to people close to the family. After a standoff with other directors at a small airport near Wolfsburg last April, Piech and his wife quit the board. Piech is frustrated by his family's handling of the diesel crisis and remains estranged from most members on both sides of the clan, people who know them say. He declined to comment.

With Piech sidelined, Porsche stands alone at the head of the family, but he has done little in the role. The family now has four seats on the 20-person supervisory board, two of them from the fourth generation: Ferdinand Oliver Porsche, a 55-year-old Salzburg lawyer who has been a director since 2009; and Ferdinand Piech's niece, Louise Kiesling, 58, who joined the board last year.

The current generation "has stayed on the horse so long that the younger generation cannot really get up to speed," said Marc-Michael Bergfeld, a professor specializing in family firms at Munich Business School. "Succession should have been prepared five to 10 years ago."

Long history

The family's links to the company began with Ferdinand Porsche, who designed what became the VW Beetle under a contract with Hitler to develop a "people's car." After the war, Porsche was jailed in France for almost two years due to his ties to the Nazi regime, but was released without charges in 1947. When he died four years later, his son, Ferry, took over as the company was ramping up production of a sporty two-seat vehicle called the 356. In 1963, Porsche introduced the slinky 911, and the family prospered from building those iconic speedsters -- original U.S. list price $5,500 -- and pocketing a licensing fee from VW for the Beetle's design.

In 2008 -- a time when VW sold more cars in a week than Porsche did in a year -- the sports car maker said it planned to buy its bigger rival. As the financial crisis devastated markets worldwide, Porsche was forced to abandon the bid, and Volkswagen soon turned around and swallowed the smaller company.

On a rainy summer day in 2009, Wolfgang Porsche's voice trembled and his eyes brimmed with tears as he told 5,000 workers gathered in the factory courtyard that the company would be folded into the Volkswagen Group. Despite that moment of anguish, the family emerged with control of Europe's largest automaker, a colossus that last year sold 9.9 million cars and had revenue of 213 billion euros.

Low profile

Though the Porsches were never poor -- at least a half-dozen have attended the Lyceum Alpinum, an $83,000-per-year boarding school in the Swiss Alps -- the VW deal has proved to be a windfall. In 2014, family members got 307 million euros in dividends from their holding in Porsche SE, roughly four times what they received eight years earlier.

Nonetheless, the Porsches and Piechs keep a low profile. Many drive Porsches, of course, but they get no discounts on the cars. Wolfgang Porsche usually attends the annual Opera Ball in Vienna, when the city's gilded opera house is transformed into a sparkling ballroom. And they are prominent backers of the Gaisberg Rally, a vintage car race up a mountainside just outside Salzburg every May.

With VW's dividend all but eliminated due to the crisis, the family holding company will also take a hit. On April 22, Porsche SE said it would slash its dividend by 90 percent, then three days later shifted gears and said it will only be decreased by half. Though the company wouldn't say whether the change was made at the family's behest, any cut will mean tough choices for some of them, says Ernst Piech, Ferdinand's brother.

Family members "have gotten used to that income," said Piech, who sold his stake in the company to his siblings in the 1980s and now runs a vineyard in southern England. "They have other investments where they need the money."

To maintain stability as the number of family members grows, the patriarchs have created structures designed to encourage the next generation to stick with the company. In 2007, Ferdinand Piech put his stake of about 13 percent in Porsche Holding into two foundations outside the immediate reach of his children, and included a clause that requires nine of the 12 to approve any share sale. The Porsche side of the clan isn't as restricted, but anyone who wants to sell must first offer their shares to other family members at a discount.

"One or two selling isn't a problem, but if four or five members want to sell, the family won't have enough to buy them out and they would have to go to external investors," said Tom Ruesen, director of the Wittener Institute for Family Business. "They may see themselves as simple investors rather than thinking of the stake as their destiny to pass on to their kids.''

[Geza]

Piech may sell Porsche SE stake by end May, paper says
http://europe.autonews.com/article/2017 ... paper-says

FRANKFURT -- A large Porsche Automobile SE stake owned by former Volkswagen Group Chairman Ferdinand Piech may be bought by other members of the Porsche and Piech clans before May 30, German weekly Bild am Sonntag said.

Porsche SE said on Friday that Piech wanted to sell his 14.7 percent stake in the family-controlled holding company, which is worth at least 1.1 billion euros ($1.2 billion). It said that although the Porsche and Piech families were in talks to buy much of that stake, it was not clear if a deal would go ahead.

The Porsche and Piech families control 52 percent of VW Group's common stock through their holding company Porsche SE, and have a right of first refusal to buy Piech's stake, which equates to a 7.35 percent economic stake in Volkswagen.

The share package could change hands before the Porsche SE annual general meeting on May 30, Bild am Sonntag said, citing a person familiar with the deliberations.

If Piech, who turns 80 next month, were to sell his stake, it would mark the end of an era for Volkswagen which he dominated for decades. He transformed VW from a regional manufacturer into a global powerhouse, which owns the Audi, Bentley, Bugatti, Ducati, Lamborghini, Porsche, Seat and Skoda brands.


VW clan aims for quick deal over Ferdinand Piech's shares, report says
http://europe.autonews.com/article/2017 ... eport-says

HAMBURG -- The Porsche and Piech families are looking to strike a swift deal to buy shares in Porsche Automobil Holding SE from Volkswagen's former chairman Ferdinand Piech, a person familiar with the matter said.

"The negotiations are serious," the person said on Monday.

Porsche SE, the holding company which controls 52 percent of VW's shares, said on Friday that the families were in negotiations to buy a substantial part of Ferdinand Piech's 14.7 percent stake in Porsche SE, which is worth just over 1.1 billion euros ($1.2 billion) based on current market prices.

Talks are to be completed in the coming weeks, possibly even before the end of March, the source said.

German daily Handelsblatt had earlier cited sources as saying that any deal, which could come within days, was likely to shift the balance of power at Porsche SE more towards the Porsche side of the clan.

The source familiar with the matter dismissed speculation that the families might not put up the money to fund a purchase of Ferdinand Piech's shares, saying: "The Porsche and Piech families know how they're going to finance this."

If Piech were to sell his stake, it would mark the end of an era for Volkswagen which he dominated for decades.

Piech, who turns 80 next month, transformed VW from a regional volume manufacturer into a global powerhouse, which owns the Bentley, Bugatti, Skoda, Lamborghini, Porsche, Seat and Audi brands. He resigned as chairman in April 2015 following a showdown with former CEO Martin Winterkorn.

[Geza]

Sveži dokumentarac o odnosima između rođaka.
Titlovi na engleskom mogu da se uključe.



Battle between the Piech and Porsche families highlighted in German documentary
http://europe.autonews.com/article/2017 ... -in-german

Piech sold his VW shares in April. Piech "destroyed his life's work," his cousin Wolfgang Porsche said.


The battle between the Piech and Porsche families, who hold a majority of Volkswagen Group shares through Porsche Holding SE, dates back decades. A documentary by German broadcaster ZDF once again tells the story behind the dispute.

Ferdinand Porsche, the man who created the Porsche, divided his inheritance in equal parts between his children Ferry Porsche and Louise Piech. The two siblings had been in a highly competitive relationship since their childhood.

This rivalry continued into the generation of the grandchildren of Ferdinand Porsche, whose most important representatives are Ferdinand Piech and Wolfgang Porsche.

Wolfgang Porsche made extensive comments in the film. For example, he recounted that a consultant years ago proposed that Ferry Porsche adopt Ferdinand Piech so that he could bear the Porsche name.

Very early on, "non-name bearer" was apparently a favorite epithet for Piech. It was clear early on that he was the only grandson who was in a position to follow in the footsteps of his grandfather. Ferdinand Piech enhanced Porsche'S reputation with the 917. Much like Ferdinand Porsche, he is a tinkerer who has always wanted to achieve the best possible results without regard for costs. He thinks little of the rest of the family.

'Domestic pigs'

"I am a wild boar. You are domestic pigs," he allegedly said on one occasion, insulting relatives at family meeting in 1970. He meant that he was a fighter while they were accustomed to being waited on.

Ferry Porsche had convened the meeting to try and bring peace to the warring sides of the family. When that failed, he decreed that all family members must give up all operating positions at Porsche.

Ferdinand Alexander Porsche, the designer of the 911, founded the Porsche Design Studio, while Ferdinand Piech went to Audi, where he turned the dusty brand into a technological leader and premium manufacturer with innovations such as the TDI diesel engine, an aluminum car body and all-wheel-drive.

He rose quickly at Audi, ascending to CEO, and ultimately took over as chairman of the VW Group in Wolfsburg at a time when both Porsche and VW were mired in crisis. While Wendelin Wiedeking was restructuring Porsche, Piech was gearing VW for success.

In large measure, it is to his credit that VW is the world's largest automaker today. But his strict leadership style, which was adopted by his successor Martin Winterkorn, created the company culture that made VW's emission-rigging scandal possible, many experts agree.

"VW doesn't have executives. VW has implementers," a former executive said. It was only after Piech's time as CEO, when he served as chairman of the supervisory board, that Wiedeking developed a clever plan, initially with Piech's consent: Porsche was to acquire the much larger VW Group. The plan failed and Porsche brand was integrated into the group. Nonetheless, the family benefited tremendously. Instead of owning a small sports car manufacturer, they held the majority of the largest car company in Europe.

'Sabotage' accusation

But Wolfgang Porsche now accuses his cousin of deliberately sabotaging the planned takeover, using those precise words. Piech "threw a wrench in the works," he said. "That is unnecessary. That is impossible." The act led to the further estrangement of the families, he said.

The reason for Piech's change of heart was allegedly that he would not have been the most powerful man in the company in the event of the plan's success, but would have been below his cousin Wolfgang Porsche, the supervisory board chair at Porsche. Piech declined to comment for the ZDF documentary.

Piech left VW in April 2015 after criticizing VW CEO Martin Winterkorn ("I am distancing myself from Winterkorn," he said). The majority of VW Group's supervisory board, including Wolfgang Porsche, took Winterkorn's side.

After the disclosure of the emissions scandal, which plunged the group into a deep crisis, Piech is supposed to have grievously incriminated the supervisory board and his cousin during an interrogation by the Brunswick state attorney’s office in Germany. He said he informed the supervisory board about the manipulation of diesel exhaust levels months before the official disclosure. Members of the supervisory board and the VW Group sharply rejected the allegation.

In the documentary, Wolfgang Porsche took aim at his cousin with the remarks: "You can't choose your relatives."

Piech sold his shares in the VW Group to his brother Hans Michel Piech in April 2017. "Ferdinand Piech has destroyed his life's work," Porsche said.

No Piech heir


Members of the next generation are gradually being integrated into the supervisory boards. There is no sign of the next Ferdinand Piech, someone who will bravely move in new directions and combine brilliant engineering skills with entrepreneurship in the style of an Elon Musk.

It is still an open question as to whether the fight between the different clans can be resolved. In view of the challenges now facing the company, this would certainly be helpful. "If we hold together," said Wolfgang Porsche at the end of the film, "We are incredibly strong."

[Geza]

Porsche and Piech families seek driving seat at Volkswagen
https://www.reuters.com/business/autos- ... 022-08-08/

Volkswagen's controlling shareholder families aim to keep Europe's top carmaker on a shorter leash and want greater say over strategic matters in what marks a power play ahead of the planned listing of Porsche, people familiar with the matter say.

The Porsche and Piech families, who control holding firm Porsche SE (PSHG_p.DE) - which owns most of Volkswagen's voting rights - are hoping to return the group to calmer waters after a turbulent period under outgoing CEO Herbert Diess, they added.

"They want to keep a closer eye on the implementation of the strategic guidelines," a person with knowledge of the families' thinking told Reuters.

Under Diess, Volkswagen (VOWG_p.DE) made major steps towards electrification, but his forthright style provoked opposition within the company that sometimes eclipsed his achievements, testing the families' patience, the sources said.

As a result, they plan to run a tighter ship.

"The families are actively involved - an ability they have long been believed incapable of," a second source said.

The greater influence has already been reflected in the appointment of Oliver Blume as Volkswagen's next CEO, a move that has drawn fire from several investors because he will also stay boss of Porsche AG - even after a planned flotation. read more

Touted as the "preferred candidate" of the Porsche and Piech clan, Blume is expected to push through the long-awaited initial public offering (IPO) of Porsche AG, the families' namesake carmaker he has been leading since 2015, the people said.

Porsche SE and Volkswagen declined to comment.

The IPO is critical to the families as they would become a direct shareholder of Porsche AG again after the maker of the iconic 911 model was taken over by Volkswagen in 2009, following a botched attempt by Porsche AG to buy Volkswagen instead. read more

"The structure of the IPO primarily fulfils the families' interest in further tightening their grip on Porsche, and they will not be dissuaded from this plan," said Hendrik Schmidt, corporate governance expert at DWS (DWSG.DE), which holds shares in both Volkswagen and Porsche SE.

The agreed structure of the IPO, which has still to be confirmed, would give the Porsche and Piech families a blocking minority in the sports car brand that was founded by their ancestor Ferdinand Porsche in 1931.

Manuel Theisen, retired professor for business administration at Ludwig-Maximilians-University Munich and a specialist in corporate governance, said this was a way to claw back some of the families' influence.

"The primary reason is power."



The ownership of Volkswagen is divided as follows. 31.4% of its shares are held by Porsche Automobil Holding SE, 27% by foreign institutional investors, 10.5% by Qatar Holding LLC, an arm of the emirate's sovereign wealth fund, 11.8 state of Lower Saxony, 16% private shareholders and 3.3% German institutional investors.

Porsche Automobil Holding SE (Porsche SE) is a holding company that manages the stake held by the Porsche and Piech families in Volkswagen AG (VW Group).

The Porsche and Piech families control Porsche SE and control 31.4% of Volkswagen shares, owning 53.3% of Volkswagen AG (VW Group) , holding the same percentage in voting rights through Porsche .

Porsche Automobil Holding was created in 2007 when the carmaker Porsche AG tried unsuccessfully to buy the majority of the shares of Volkswagen. The ensuing battle between cousins ​​Wolfgang Porsche and former Volkswagen chairman Ferdinand Piech, Ferdinand Porsche's grandson, for control of the two companies led to Porsche being acquired by Volkswagen in 2012, with the Porsche SE becoming a of Volkswagen's largest shareholders.

In the wake of the share buyout battle, the Porsche family traded their shares in Porsche to take a 31.5% stake in Volkswagen in return, bringing their stake and voting rights in VW to 50.7% .

The Porsche family then created Porsche Automobil Holding SE which manages the share of VW shares, while also exploiting the cash reserves. In 2015, Porsche SE bought an additional 1.5% of Volkswagen shares from Suzuki, increasing its stake in Volkswagen to 52.2%. In 2020 it acquired an additional 1.1% and currently owns 53.3% of Volkswagen.

[neshtry]

Svetska sila….

[Geza]