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 |
Pat Garvey |
Mar 25 2007, 09:39 AM
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#2
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Do I or don't I...........? Group: Members Posts: 5,899 Joined: 24-March 06 From: SE PA, near Philly Member No.: 5,765 Region Association: North East States |
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...... |
Carl |
Sep 3 2007, 01:07 AM
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#3
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Ummm ... what? Group: Members Posts: 781 Joined: 17-January 03 From: San Jose, CA Member No.: 163 Region Association: Northern California |
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 |
Pat Garvey |
Oct 23 2007, 08:41 PM
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#4
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Do I or don't I...........? Group: Members Posts: 5,899 Joined: 24-March 06 From: SE PA, near Philly Member No.: 5,765 Region Association: North East States |
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 I think FP long ago had his day in the sun, and turned it into the dark side of the moon. Had some great ideas, but turned them into money pits for VW (W12 Passat?) (Semi's?). Seemed to go over the edge & is pretty much a babbling board member (Ithink) these days. Hardly capable of leading a worls market manufacturer. The one thing that scares me about Porsche is that it's taken a GM approach (or something similar) to it's business. The finance guys run the show. The have no names - they're only suits, but they have control because they've done such a great job at making Porsches fat & wealthy. Don't get me wrong, because I am a finance guy, but I believe it will be a downfall if they continue to rule. I would bet that the good Doktor would have run them all out if he were alive. Think about it - other than the Chairman and couple of selected sidekicks, who's really running Porsche. Who's really running VW, and why the hell do they need another loss-leader like Lambo? I don't like the looks of this, because VW already sucks. Haven't made a good quality car in years (I've had 7 of them & never again). Early on, I though that maybe the influence of Porsche engineers would cure VW's probelms, but they've only gotten worse. Worried about the whole thing, because I don't think Porsche can handle worldwide engineering & production requirements associated with a high volume manufacturer like VW. Afraid they'll just nake it worse. IMHO |
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