RELATEDAudi FC Bayern Munchen Middle East Company Prodrive Porsche VW Daimler
Audi buys stake in FC Bayern Munchen
Audi buys stake in FC Bayern Munchen
Audi has announced today that it has bought a stake in FC Bayern Munchen, a German football team. This represents an extension of the partnership between Audi and FC Bayern Munchen, which has been sponsored by the carmaker since 2002. Audi bought a total of 9.09 percent of stakes in FC Bayern Munchen... More »
Middle East company buys 40 per cent stake in Prodrive
Middle East company buys 40 per cent stake in ProdriveProdrive announced that The Investment Dar Company (TID), a Middle East company from Kuwaiti, has bought a 40 per cent stake in Prodrive. Prodrive is based in the UK and has operations in Australia and the Asia Pacific region. Prodrive chairman, David Richards, will remain the majority shareholder... More »
Porsche acquires de facto control of VW
Porsche acquires de facto control of VWPorsche announced today that it has increased its VW stake to 35.14 per cent, which is 4.89 per cent more than previous. This gives Porsche 35.14 per cent of the voting rights. With this increase the company secured a lasting majority at the VW annual general meeting. Going above the 35% mark, Porsche... More »
Daimler AG is Majority Stake Holder in Automotive Fuel Cell Cooperation
Daimler AG is Majority Stake Holder in Automotive Fuel Cell CooperationDaimler AG announced that it has become the majority stake holder in Automotive Fuel Cell Cooperation, a company founded today for fuel cell applications. With the newly founded company Daimler AG together with Ford Motor Company and Ballard Power Systems wants to expand its globally leading position. Daimler... More »
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