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Empresas y finanzas

Porsche CEO likely to bow to pressure to go: report


    FRANKFURT (Reuters) - The controversial head of Porsche , Wendelin Wiedeking, is likely to bow to pressure from the Porsche family to step down, a German newspaper reported on Wednesday.

    Business daily Handelsblatt reported that the two had already reached agreement that Chief Executive Wiedeking should go and that a formal decision could come by Thursday this week when the company's supervisory board meets.

    The newspaper also reported, however, that Wiedeking would fight to keep his job.

    A spokesman for Porsche also contradicted the report, saying: "Wiedeking will present his business concept for Porsche to the supervisory board on Thursday."