Newspaper article International Herald Tribune

Indian Court Orders Arrest of Porsche Executives

Newspaper article International Herald Tribune

Indian Court Orders Arrest of Porsche Executives

Article excerpt

The warrants for Matthias Muller, the chief executive, and eight other people stem from a court case filed by Precision Cars India, a former importer of Porsche cars that is based in New Delhi.

An Indian court has issued an arrest warrant for Matthias Muller, the chief executive and chairman of Porsche, the German automaker, and eight other executives from the company.

The bailable warrants come as a result of a court case filed by Precision Cars India, a former importer of Porsche cars based in New Delhi.

Precision Cars had been an importer of Porsche vehicles in India since 2003. But when Porsche appointed Volkswagen Group Sales India as its sole importer, in April 2012, it allegedly failed to inform Precision Cars.

Precision executives said that that had left them no choice but to file a lawsuit.

"All along we have been making bona fide efforts to sort out the issues with Porsche," Precision Cars India said, "but they are acting in an illegal and unjust manner and have not been giving any support in resolving the issues so we were not left any choice but pursue the matter legally and await justice. …

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