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914World.com _ 914World Garage _ SOT: Porsche & VW to merge
Posted by: smontanaro May 7 2009, 04:55 AM
From Reuters: http://uk.reuters.com/article/rbssConsumerGoodsAndRetailNews/idUKL698092420090506.
Dunno if this will be good news for folks like us who Porsche occasionally threw a bone by reproducing NLA parts (think windshield seal).
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Posted by: 6freak May 7 2009, 08:20 AM
QUOTE(smontanaro @ May 7 2009, 03:55 AM) 
From Reuters: http://uk.reuters.com/article/rbssConsumerGoodsAndRetailNews/idUKL698092420090506.
Dunno if this will be good news for folks like us who Porsche occasionally threw a bone by reproducing NLA parts (think windshield seal).
Skip
I believe thats been in the works sence 05 ... ...Mr Porsche talk about it at Portland Parade
Posted by: smontanaro May 7 2009, 11:45 AM
Right, but six to nine months ago Porsche had a 75% share and the word of the day was "takeover", not "merger". Today Porsche only has a 51% share and also has $9bn in debt. It's in a much weaker position than before.
Posted by: 9146racing May 7 2009, 11:52 AM
QUOTE(smontanaro @ May 7 2009, 10:45 AM)
Right, but six to nine months ago Porsche had a 75% share and the word of the day was "takeover", not "merger". Today Porsche only has a 51% share and also has $9bn in debt. It's in a much weaker position than before.
they never had %75, they wanted to buy, but ran into difficulties with the state of lower saxony and the unions at veedub. they were getting delayed and the world market crashed, now they are almost belly up and the battle has started. if there is a merger, most likly VW will be running the show and Porsche will be part" of the holding. it will be an interresting summer.
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