PAH3.DE - Porsche Automobil Holding SE
| Previous Close | 56.14 |
| Open | 56.28 |
| Bid | 57.34 x 14100 |
| Ask | 57.38 x 12000 |
| Day's Range | 55.60 - 57.58 |
| 52 Week Range | 49.89 - 65.26 |
| Volume | 163,481 |
| Avg. Volume | 503,464 |
| Market Cap | 17.717B |
| Beta (3Y Monthly) | -0.13 |
| PE Ratio (TTM) | 5.06 |
| EPS (TTM) | 11.34 |
| Earnings Date | Aug 7, 2019 |
| Forward Dividend & Yield | 2.21 (3.96%) |
| Ex-Dividend Date | 2019-06-28 |
| 1y Target Est | N/A |
- Reuters•14 days ago
UPDATE 1-Volkswagen's Renk first in line of potential divestitures - sources
Volkswagen is likely to launch the sale of transmissions maker Renk in the autumn as the German carmaker streamlines operations to free up funds for investment in electric vehicles, people close to the matter said. Volkswagen said last month it would explore a full or partial sale, joint ventures or partnership for Renk, which has a market capitalisation of 700 million euros ($785 million). Renk is 76%-owned by Volkswagen's family ownership holding Porsche SE, with the rest of the shares widely held.
Reuters•20 days agoVW's Porsche CEO probed by prosecutors: Stuttgarter Nachrichten
German prosecutors are investigating the chief executive of Volkswagen's Porsche business, Oliver Blume, over a possible breach of fiduciary trust tied to payments made to a Porsche works council member, a newspaper reported on Wednesday. Porsche declined to comment on whether Blume, who is also a member of the Volkswagen board, was being probed, saying it never discusses details of an investigation.
Reuters•20 days agoVW's Porsche CEO probed by prosecutors - Stuttgarter Nachrichten
German prosecutors are investigating the chief executive of Volkswagen's Porsche business, Oliver Blume, over a possible breach of fiduciary trust tied to payments made to a Porsche works council member, a newspaper reported on Wednesday. Porsche declined to comment on whether Blume, who is also a member of the Volkswagen board, was being probed, saying it never discusses details of an investigation.
Reuters•21 days agoStuttgart prosecutors search Porsche offices in payments probe
Stuttgart prosecutors on Tuesday said Porsche AG's offices were searched as part of a broader probe investigating confidential information leaks to a tax advisor and high remuneration payments to a Porsche works council member. The probe involved 176 police and tax inspectors as well as 10 state prosecutors, the Stuttgart prosecutor's office said.
Reuters•22 days agoFactbox: Auto industry consolidation - mega-mergers and alliances
FRANKFURT (Reuters) - Italian-American carmaker Fiat Chrysler on Monday proposed a merger of equals with France's Renault in a deal that could create the world's third-biggest carmaker and trigger a fresh ...
- Associated Press•last month
VW's Porsche agrees to 535 million euro fine in diesel case
FRANKFURT, Germany (AP) — Volkswagen's Porsche division says it has agreed with prosecutors to pay a 535 million euro ($598 million) fine for negligent oversight for installing engines that violated emissions norms.
- Reuters•last month
VW unit Porsche to pay 535 million euro fine over diesel cheating
BERLIN/FRANKFURT (Reuters) - German prosecutors imposed a 535 million euro ($598 million) fine on German luxury carmaker Porsche AG, a unit of Volkswagen, as punishment for lapses in supervisory duties which allowed the company to cheat diesel emissions tests. Prosecutors in the southern city of Stuttgart on Tuesday said that the company's development department had neglected its legal obligations, which ultimately led to the sale of diesel cars that spewed excessive pollution levels. The fine against Porsche follows a 1 billion euro penalty for management lapses imposed against Volkswagen by prosecutors in Braunschweig, and a fine of 800 million euros against Audi by prosecutors in Munich, Germany last year.
Reuters•last monthVolkswagen unit Porsche to pay 535 million euro fine over diesel cheating
BERLIN/FRANKFURT (Reuters) - German prosecutors imposed a 535 million euro ($598 million) fine on German luxury carmaker Porsche AG, a unit of Volkswagen, as punishment for lapses in supervisory duties which allowed the company to cheat diesel emissions tests. Prosecutors in the southern city of Stuttgart on Tuesday said that the company's development department had neglected its legal obligations, which ultimately led to the sale of diesel cars that spewed excessive pollution levels. The fine against Porsche follows a 1 billion euro penalty for management lapses imposed against Volkswagen by prosecutors in Braunschweig, and a fine of 800 million euros against Audi by prosecutors in Munich, Germany last year.
- Bloomberg•2 months ago
Porsche CEO Eyes Cooperation With Chinese Technology Giants
Country-specific features for voice recognition, navigation and integration of the ubiquitous WeChat messaging service will be developed locally, Porsche Chief Executive Officer Oliver Blume said in an interview in Shanghai this week. The manufacturer also signed an agreement to expand its research cooperation with Tongji University on Wednesday.
- Reuters•3 months ago
German court rejects second investor group action against Volkswagen and Porsche SE on diesel scandal
A German court on Wednesday said it won't allow a second investor group action against Volkswagen AG and its controlling shareholder, Porsche SE, for allegedly failing to inform investors about the Diesel scandal in 2015. Investors have brought multiple cases against Volkswagen and Porsche SE in the southern city of Stuttgart, arguing that the companies should have issued adhoc-statements earlier to inform the market about U.S. authorities starting to investigate the emissions cheating.
Reuters•3 months agoVolkswagen management and works council divided over restructuring plans
Volkswagen's supervisory board is set to meet on Friday to discuss the company's ambitious cost-reduction plans, Der Spiegel reported on Wednesday, citing company sources. The magazine said the extraordinary board meeting has been scheduled to mediate between management at Germany's biggest carmaker and the head of its works council, Bernd Osterloh, who is also a member of the supervisory board. A Volkswagen spokesman said he did not know of any planned board session.
- Reuters•3 months ago
VW management and works council divided over restructuring plans
Volkswagen's supervisory board is set to meet on Friday to discuss the company's ambitious cost-reduction plans, Der Spiegel reported on Wednesday, citing company sources. The magazine said the extraordinary board meeting has been scheduled to mediate between management at Germany's biggest carmaker and the head of its works council, Bernd Osterloh, who is also a member of the supervisory board. A Volkswagen spokesman said he did not know of any planned board session.
- Reuters•3 months ago
Porsche SE says it raised voting rights share in Volkswagen
Porsche SE, the holding company controlling Germany's Volkswagen, on Tuesday said it raised its voting rights share in the carmaker to 53.1 percent from 52.2 percent. "We continue to believe that Volkswagen group has a significant potential to increase its value and that its current capital market valuation does not reflect this," Porsche SE's CEO Hans Dieter Poetsch, who is also the chairman of VW's supervisory board, said.
Reuters•3 months agoPorsche SE says it raised voting rights share in VW
Porsche SE, the holding company controlling Germany's Volkswagen, on Tuesday said it raised its voting rights share in the carmaker to 53.1 percent from 52.2 percent. "We continue to believe that Volkswagen group has a significant potential to increase its value and that its current capital market valuation does not reflect this," Porsche SE's CEO Hans Dieter Poetsch, who is also the chairman of VW's supervisory board, said.
- Yahoo Finance Video•2 months ago
Porsche debuts a hot new model at the New York Auto Show
It's day one at the New York Auto Show, and there are plenty of headlines being made. German sports car brand Porsche debuted a hot new model. Yahoo Finance's Pras Subramanian speak with Klaus Zellmer, Porsche North America president and CEO.
