Porsche SE sees billion euro loss in fiscal 2009/10

Newswire

FRANKFURT, Nov 25 (Reuters) - Indebted automotive holding Porsche SE will post a second straight annual loss in the billions as it is forced to deconsolidate Volkswagen and part of its sports car business from its accounts. Chief Financial Officer Hans Dieter Poetsch warned on Wednesday that this would result from a possible approval at the next Volkswagen shareholder meeting of Lower Saxony's motion to receive once again the right to appoint two members to VW's supervisory board. ...

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