Audi Concept

FRANKFURT, Germany -- Porsche AG, the most valuable and most profitable of Germany's automakers, says it has been increasing its stake in Volkswagen AG to prevent hostile takeovers from...

VW's Bernhard to Resign; Porsche May Buy Control of Automaker
Washington DC November 16, 2006; The AIADA newsletter reported that Wolfgang Bernhard, the famous cost cutter who served as Chrysler group's COO from 2001-2004 and current head of the Volkswagen brand, is expected to resign from VW today amid a sea of company changes, which included the ousting of VW Chief Bernd Pischetsrieder by the supervisory board last week, reports BusinessWeek Online.