 SOT: Porsche & VW to merge |
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| smontanaro |
 May 7 2009, 04:55 AM
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Senior Member  Group: Members Posts: 1,190 Joined: 3-June 05 From: Evanston, IL Member No.: 4,197 Region Association: Upper MidWest  |
From Reuters: Porsche outlines merger plan with VW.
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 |
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Replies(1 - 3)
| 6freak |
May 7 2009, 08:20 AM
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#2
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MR.C Group: Members Posts: 4,740 Joined: 19-March 08 From: Tacoma WA Member No.: 8,829 Region Association: Pacific Northwest |
QUOTE(smontanaro @ May 7 2009, 03:55 AM)  From Reuters: Porsche outlines merger plan with VW. 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 |
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| smontanaro |
May 7 2009, 11:45 AM
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#3
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Senior Member Group: Members Posts: 1,190 Joined: 3-June 05 From: Evanston, IL Member No.: 4,197 Region Association: Upper MidWest |
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.
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| 9146racing |
May 7 2009, 11:52 AM
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#4
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Newbie Group: Members Posts: 44 Joined: 7-February 09 From: agoura hills Member No.: 10,031 Region Association: Southern California |
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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