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Porsche boss resigns with $70m


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German luxury car maker Porsche has said chief executive Wendelin Wiedeking and financial director Holger Haerter have resigned "with immediate effect".

Mr Wiedeking leaves with a 50m euros ($70m; £43m) payoff package.

Earlier this year, Mr Wiedeking failed in his attempt for Porsche to take over larger German rival Volkswagen (VW), despite building a 51% holding in VW.

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