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Ex-Porsche CEO, CFO on trial for alleged market manipulation

2015-10-22 12:36:34| Automakers - Topix.net

The former CEO and CFO of Porsche have gone on trial in Stuttgart on market manipulation charges related to the sports car maker's failed attempt to take over Volkswagen AG in 2009. Prosecutors accuse ex-CEO Wendelin Wiedeking and former CFO Holger Haerter of making misleading statements about the company's intentions before it moved to build up its stake in the much larger Volkswagen.

Tags: market trial ceo alleged

Category:Automotive

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