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...Together the Porsche and Piëch families control 51 per cent of the voting shares in VW via the Porsche SE holding company....
...Wolfgang Porsche, Porsche SE’s chairman, said: “All of Porsche SE’s common stock is now again held by the Porsche and Piëch families....
...GKN, one of the UK’s largest engineering groups, blamed its profit warning on worsening conditions in Europe’s automotive and industrial markets....
...Porsche SE holds a majority stake in VW and said on Sunday that it supported Mrs Piëch’s candidacy....
...Richard Gane, PwC’s UK head of automotive, says, however, that drivers of electric cars will have to make a “quite enormous” mental switch....
...Elsewhere in the automotive sector, Volkswagen gained 1.3 per cent to €123.05 and Peugeot rose 1.8 per cent to €65.10 ahead of a busy period of earnings in the sector....
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