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Automotive News Europe, October, 2005 by Snyder, Jesse
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Byline: Jesse Snyder
If Porsche becomes Volkswagen's largest shareholder, just five families will control more than half of new-car sales in Europe.
Ferdinand Porsche. Armand Peugeot. Henry Ford. Giovanni Agnelli. Herbert Quandt. The first three names are indelibly linked to the modern companies. But without Agnelli there likely would be no Fiat. Without Quandt, BMW probably would have been absorbed by Mercedes-Benz.
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The descendants of these five pioneers collectively own the controlling shares in huge corporations. Professional managers often run these family businesses, but ...
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