Edmunds | Help Contact Editor Sign In | Follow Inside Line
According to a press release distributed by Porsche Automobile Holding SE, investigators from the public prosecutors office in Stuttgart arrived at the headquarters of the company this morning armed with search warrants. They proceeded to search the premises and seized numerous documents.
There is a suspicion of breaching the publication duty as prescribed by the German Stock Corporation Act and furthermore of market manipulation.
So in other words, the Porsche soap opera continues.
Advertisement
Latest Poll
How do you deal with the high price of gas?
Recent Posts
Eric Clapton's SP12 EC Officially Revealed
May 25, 2012 9:13 AM
Gemballa Creates Diamond Automotive Coating...Because They Can
May 25, 2012 5:50 AM
May 24, 2012 11:50 AM
Video: First Hennessey Venom GT Spyder Hits the Dyno
May 17, 2012 2:48 PM
Dyno-Tested: Vishnu Performance Systems BMW 335i Coupe
May 16, 2012 6:10 PM
Advertisement
Tip the Editors
Got a breaking news tip for the Inside Line editors?
Send it to tips@edmunds.com
Manufacturers
Auto Shows
More Categories
Browse Archives
rallyandbosox says:
08:34 AM, 08/20/09
I can't say I'm wholly surprised by this. First they try to buyout VW and then in a turn of events VW buys them out due to bad debts suddenly appearing in a company that appeared quite liquid.
jlcii says:
02:24 PM, 08/20/09
Poor Porsche. Just keep your business straight!
P.S. I like the Panamera!
rsuryase says:
07:51 PM, 08/20/09
Business people are sleazy by nuture, luckily scientist and engineers aren't.
iskch says:
07:47 AM, 08/21/09
Pure GREED! No surprise the little fish tried to eat the big fish and failed. ITS KAPUT!