May 25, 1:06 AM EDT
Media & Culture
Defeated Porsche axes CEO to make way for VW merger
By IBT Staff Reporter on 07/23/09 AT 1:24 PM
Porsche conceded defeat in a months-long power struggle with Volkswagen Thursday by axing its embattled CEO, paving the way for VW to merge with the maker of the 911 sportscar.