Porsche is selling a Bavarian castle bought for EUR6m (US$8m) in 2006.
“We are parting company with this estate,” a spokesman told Frankfurter Allgemeine Sonntagszeitung (FAS), after the paper said Porsche was selling Schloss Bullachberg, near the famous Neuschwanstein Castle in Bavaria.
AFP noted Porsche had purchased the castle under previous chief Wendelin Wiedeking, hoping to transform the 180,000 sq m building into a luxury hotel. But the required renovation work never got going, the FAS said.
Sign up for our daily news round-up!
Give your business an edge with our leading industry insights.
Nominations are now closed for the Just Auto Technology Excellence Awards. A big thanks to all the organisations that entered – your response has been outstanding, showcasing exceptional innovation, leadership, and impact.
Excellence in Action Neonode has won the Innovation Award for Driver Monitoring Softwarefor its camera-based, MultiSensing®-powered solution that delivers precise hands-on-wheel detection, regulatory-ready safety performance and low-footprint integration. Discover how Neonode is redefining driver monitoring, UX and compliance for next-generation semi-autonomous vehicles.
