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The Japanese used car inventory expands as people keep on buying new model cars and sell the used car for very low prices. This is the main reason the Lotus had designed the high performance aked and it worked very well. cars uk for sale Author RSS Feed The BMW is a very popular car brand especially to sales representatives. used bmw, However, power steering pump Volkswagen,g? Martin Winterkon Piech who is now 69 years old was scheduled to vacate his post in May as head of the supervisory board at VW Europe’s biggest automaker But due to the insistence of some porsche cars shareholders including the Lower Saxony Piech is to continue with his dual roles as Volkswagen’s chairman and a controlling owner of Porsche maker of 911 sports cars with headquarters in Stuttgart Germany The plan to change Piech was drafted last January 2006 as agreed upon by Porsche and the Lower Saxony The board was also supposed to choose a new chairman who is not affiliated in either one of VW’s two biggest shareholders Fortunately for Piech he was backed by Volkswagen’s labor leaders who happen to hold half of the board’s seats To cut the story short when voting time came Piech got the majority vote which helped him to keep his position porsche cars as board chairman Now that Porsche is firmly occupying the driver’s seat in Volkswagen “it will be interesting to see what the state of Lower Saxony does with its stake given it seems to no longer want to argue with Porsche” said Michael porsche cars Tyndall an analyst with Nomura Securities in London Another good news for Porsche is that the European Union’s highest court last Tuesday is nearing decision to finally abolish the law that protects VW from any possible takeovers This very same ruling if realized will serve as an opportunity for Porsche to finally gain control of Europe’s largest automaker The news on the possible eradication of the Volkswagen law has resulted to an increase of Volkswagen shares by €217 or 25% and closed at €8827 which is considered to be the highest since mid-1998 To protect also the interest of the Lower Saxony at VW they will retain their current two seats at the board while Piech’s position on Volkswagen’s board will be counted as one of the three held by the sports car maker Piech has been able to get a seat at the 20 member board of Volkswagen since he was a former chief executive of the company Piech has held the position as Volkswagen’s chief in the year 1993 He was responsible for saving Europe’s largest automaker from bankruptcy through reduction of labor expenseshttp://www.motortrader.com.my/newcar/porsche/cayenne/






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