Volkswagen's controlling shareholder families aim to keep Europe's top carmaker on a shorter leash and want greater say over strategic matters in what marks a power play ahead of the planned listing of Porsche, people familiar with the matter say. The Porsche and Piech families, who control holding firm Porsche SE - which owns most of Volkswagen's voting rights - are hoping to return the group to calmer waters after a turbulent period under outgoing CEO Herbert Diess, they added. "They want to keep a closer eye on the implementation of the strategic guidelines," a person with knowledge of the families' thinking told Reuters.
(Bloomberg) -- Porsche is trying to secure anchor investments from some of the largest Middle Eastern sovereign wealth funds, as the iconic sports-car maker looks to pull off one of Europe’s biggest listings amid market headwinds and valuation concerns, people familiar with the matter said.Most Read from BloombergChina Announces Sanctions on Nancy Pelosi Over Taiwan TripDemocrats Drop Carried Interest as Sinema Paves Way for Tax VoteR Kelly Has $28,000 in His Prison-Inmate Account. Prosecutors W