FRANKFURT (Reuters) - German sports car maker Porsche AG sees its operating profit rising by more than 10 percent this year after demand for luxury cars in China boosted earnings in the first nine months.Operating profit in 2011 will rise at a ...

DENVER (Reuters) - Texas billionaire Charles Wyly, who was facing a lawsuit by federal securities regulators, was killed in a car crash near Aspen, Colorado over the weekend, police said on Monday.Wyly, 77, died at an Aspen-area hospital after his Porsche was ...

Volkswagen, Europe's biggest car maker, on Thursday posted more than three-fold leaps in net profit, but its shares were still hammered as some observers wondered if it had peaked.VW's second quarter net profit of 4.784 billion euros ($6 ...

German luxury car maker Porsche said that it would issue a total of 131 million ordinary and preferred shares for 38 euros ($53.2) per share.The total of almost five billion euros corresponds to the amount of the capital increase Porsche ...

FRANKFURT (Reuters) - Volkswagen's record year results beat expectations, showing Europe's largest carmaker has enough financial firepower to complete its planned takeover of Porsche. "Fiscal year 2010 was the best year in the history of the group. Volkswagen already provided impressive ...

BERLIN/NEW YORK (Reuters) - A U.S. federal judge dismissed a lawsuit by 10 hedge fund groups accusing German automaker Porsche SE of cornering the market in shares of Volkswagen AG , resulting in more than $2 billion of damages.U.S. District ...

German sports car manufacturer Porsche is considering a return to Formula One and racing under its own name as it last did in the 1960s, it was reported Friday.According to the Financial Times Deutschland, Porsche, which is the majority shareholder in ...

Porsche says Panamera, its first four-door sedan, is exceeding global sales expectationsPorsche AG says sales of its Panamera four-door sedan are exceeding expectations worldwide after one year on the market.Porsche has sold 22,518 of the sleek-looking luxury Panameras worldwide, the ...

Volkswagen executive Matthias Mueller to become Porsche CEO, replacing Michael MachtPorsche said Tuesday that Matthias Mueller, a top manager at Volkswagen AG, will take over as chief executive of the sports car maker later this year — a move that underlined Volkswagen ...

German luxury sports car maker Porsche, which is being taken over by Volkswagen, reported on Friday an 11.8-percent jump in nine-month sales and retained its status as a leading profit-machine in the global auto industry.Porsche said operating profit came to ...