Following a failed takeover of Volkswagen, Porsche has fired CEO Wendelin Wiedeking and CFO Holger Härter. Wiedeking orchestrated the failed takeover of VW, leaving Porsche with a debt of $12 billion and a cash shortfall somewhere in the neighborhood of $3.5 billion.
Rumors of Wiedeking’s dismissal have been circling the internet rumor mill for several days now, but Porsche made the announcement official on Thursday. Wiedeking took over as Porsche CEO in 1993, taking the company from … Details
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