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PORSCHE AUTO HD (PAH3)

Delayed Quote. Delayed Nasdaq other OTC - 03/11 09:33:09 am
57 USD   +4.78%
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PORSCHE AUTO HD : Porsche CEO likely to bow to pressure to go: report

07/22/2009 | 04:10 am
The logo of German car manufacturer Porsche is seen inside a showroom of a Porsche dealer in Frankfurt
FRANKFURT (Reuters) - The controversial head of Porsche , Wendelin Wiedeking, is likely to bow to pressure from the Porsche family to step down, a German newspaper reported on Wednesday.

Business daily Handelsblatt reported that the two had already reached agreement that Chief Executive Wiedeking should go and that a formal decision could come by Thursday this week when the company's supervisory board meets.

The newspaper also reported, however, that Wiedeking would fight to keep his job.

A spokesman for Porsche also contradicted the report, saying: "Wiedeking will present his business concept for Porsche to the supervisory board on Thursday."



© Reuters 2009. Tous droits résérvés.
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