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> UPDATE~Porsche to buy VW... LIKELY, more new news 10-26-08
lotus_65
post Mar 24 2007, 03:09 PM
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update 10-25-08

"FRANKFURT -- Porsche Automobil Holding SE said Friday the rift between its owners, the Piëch and Porsche families, has been resolved, and both families now fully support Porsche Chief Executive Wendelin Wiedeking's plan to take over Volkswagen AG."

update 10-22-07

new article 9-1-2007

Porsche to buy VW, 3-24-07
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sww914
post Mar 24 2007, 03:15 PM
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I read that they were increasing their stake to 31% ownership.
They are already the largest shareholder. By German law, they must make a takeover offer, which they will, but they are bidding the legal minimum, 20-some dollars a share lower than the market value, so Porsche doesn't think many shareholders will dump their shares at that price.
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Johny Blackstain
post Mar 24 2007, 03:23 PM
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Wow!! If memory serves 40 yrs ago it was the other way around. How the hell did this happen?


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Andyrew
post Mar 24 2007, 04:01 PM
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Boxster and Cayenne..

lol
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Johny Blackstain
post Mar 24 2007, 04:05 PM
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QUOTE(Andyrew @ Mar 24 2007, 06:01 PM) *

Boxster and Cayenne..

lol

That & the GTI loosing out in the tuner market to the Civic, which lost out to the Eclipse, which lost out to the WRX, which might be loosing out to the Evo... etc... (IMG:style_emoticons/default/biggrin.gif)


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SirAndy
post Mar 24 2007, 05:05 PM
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QUOTE(sww914 @ Mar 24 2007, 01:15 PM) *

I read that they were increasing their stake to 31% ownership.
They are already the largest shareholder. By German law, they must make a takeover offer, which they will, but they are bidding the legal minimum, 20-some dollars a share lower than the market value, so Porsche doesn't think many shareholders will dump their shares at that price.


~29% if i'm not mistaken. i recall that was the maximum amount they could get.

either way, not a bad thing for VW, i think ...
(IMG:style_emoticons/default/smile.gif) Andy
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Cap'n Krusty
post Mar 24 2007, 05:17 PM
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QUOTE(Johny Blackstain @ Mar 24 2007, 02:23 PM) *

Wow!! If memory serves 40 yrs ago it was the other way around. How the hell did this happen?


(IMG:style_emoticons/default/cool_shades.gif)


You DON'T remember correctly. VW has NEVER had a financial interest in Porsche. Ever. The Cap'n
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Johny Blackstain
post Mar 24 2007, 05:19 PM
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QUOTE(Cap'n Krusty @ Mar 24 2007, 07:17 PM) *

You DON'T remember correctly. VW has NEVER had a financial interest in Porsche. Ever. The Cap'n


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Scott Carlberg
post Mar 24 2007, 10:11 PM
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In the AutoWeek I just rec'd a day or two ago, Porsche Motorsports had a 'pull-out' section. In it, it says the following:

"despite being the world's smallest independent automobile company, Porsche builds more race cars than any other manufacturer".

and now, "the world's smallest independent automobile company" is the largest shareholder in Volkswagen.... "Europe's biggest car maker".

THAT is pretty cool.
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Dave_Darling
post Mar 25 2007, 02:41 AM
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QUOTE(Johny Blackstain @ Mar 24 2007, 01:23 PM) *

Wow!! If memory serves 40 yrs ago it was the other way around.


Not really, but about 15 years ago, it looked as if "someone" was gonna snap up Porsche. And VW was one of the more likely candidates.

A real turnaround since then--the 993, the Boxster, and the 996 have helped a lot. Even the (ugh!) Cayenne, too... (IMG:style_emoticons/default/wink.gif)

--DD
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lotus_65
post Mar 25 2007, 06:03 AM
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i think it would be great for both, and potentially turn the tuner market in vw's favor.
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Pat Garvey
post Mar 25 2007, 09:39 AM
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I'll be surprised if Porsche does anything but provide some technical assistance to VW. My bet is that Porsche is in this for the money, not to take over unless necessary to protect the investment. Now, Porsche doesn't have all thier eggs in one basket.

And, I seriously doubt that the current Porsche execs are equipped to run something the size of VW. I'm betting the investment is somewhere for Porsche to put its deep cash pockets.

We'll see......
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Mid_Engine_914
post Mar 25 2007, 03:47 PM
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Does this mean we're legit now?
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lotus_65
post Sep 2 2007, 06:53 PM
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Scott Carlberg
post Sep 2 2007, 11:31 PM
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Interesting time for a *bump*....

2 weeks ago, I received my copies of:
- European Car
- Excellence and
- AutoWeek


all 3 mags had something about Porsche "taking a controlling interest in VW".

the article in Excellence is on the 1st page After the Index.
the article talks about how well Porsche fared in recent Surveys of New Car Owners, while VW was quite a bit down on the list. It went on to say that the "sports car manufacturer will have some work to do when it takes control of the VW group".

OK - is said SOMETHING like that, ^^THAT ^^ is Not a direct quote.
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Carl
post Sep 3 2007, 01:07 AM
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QUOTE(Pat Garvey @ Mar 25 2007, 08:39 AM) *

I'll be surprised if Porsche does anything but provide some technical assistance to VW. My bet is that Porsche is in this for the money, not to take over unless necessary to protect the investment. Now, Porsche doesn't have all thier eggs in one basket.

And, I seriously doubt that the current Porsche execs are equipped to run something the size of VW. I'm betting the investment is somewhere for Porsche to put its deep cash pockets.

We'll see......


Two words ... Ferdinand Piech
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scotty b
post Sep 3 2007, 01:18 AM
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QUOTE(Mid_Engine_914 @ Mar 25 2007, 01:47 PM) *

Does this mean we're legit now?


No it means there will be another ugly mutt bastard child born. (IMG:style_emoticons/default/flag.gif)
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alpha434
post Sep 3 2007, 01:26 AM
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They have to put a stop to the Audi R8.

That's what this is about.
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Andyrew
post Sep 3 2007, 01:52 AM
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Hell no, I love the R8!

I would choose it over a 911 turbo any day! but over a carrera gt? (given no budget) no...
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JPB
post Sep 3 2007, 07:26 AM
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Bastages can't leave well alone can they? Now I have to change all my emblems to Porsche-Vw rather than Vw-Porsche! What kind of distasteful ungodly sacraligious perversion is this world falling into? (IMG:style_emoticons/default/beer.gif)
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