UPDATE~Porsche to buy VW... LIKELY, more new news 10-26-08 |
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UPDATE~Porsche to buy VW... LIKELY, more new news 10-26-08 |
lotus_65 |
Mar 24 2007, 03:09 PM
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#1
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Senior Member Group: Members Posts: 1,608 Joined: 21-March 05 From: minneapolis, mn Member No.: 3,795 Region Association: Northstar Region |
update 10-25-08
"FRANKFURT -- Porsche Automobil Holding SE said Friday the rift between its owners, the Piƫch 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 |
Cap'n Krusty |
Oct 31 2008, 09:34 AM
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#2
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Cap'n Krusty Group: Members Posts: 10,794 Joined: 24-June 04 From: Santa Maria, CA Member No.: 2,246 Region Association: Central California |
"About to be gobbled up"? Most/all of Porsche's voting stock has historically been in the hands of the family. To "gobble it up", you'd have to get them to sell it. It's not like GM or Chrysler, where a lot the voting stock is in the hands of people/companies that have little interest in the product or the name, only in the dividends.
The Cap'n |
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