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 |
thomasotten |
Oct 23 2007, 08:11 AM
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#2
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Senior Member Group: Members Posts: 1,546 Joined: 16-November 03 From: San Antonio, Texas Member No.: 1,349 |
This is a mixed blessing. While I think it is good that these two companies are together again, it clearly shows that the EU has considerable power over what goes on in the member states. Similar to what our Supreme court has been doing over the last few decades, the EU court is declaring local laws (the people's voice) null and void. In the long run, I think you will see more foreign control of what were once "German" companies, and the same goes for other member states, the article gives several examples.
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