Porsche to acquire VW?

[androdev]

“Welcome to Porsche, maker of the Golf.” :-)

Porsche waits on court to open door to Volkswagen bid | | Guardian Unlimited Business

porsche vw - Google News

[csentil]

Yes... everyone's been talking about it for quite sometime. They already hold a stake in VW. Imagine a primarily sportscar maker being able to buy out a company like VW.

As long as they don't call their 911's as VW 911 or something I can live with it. :-)

[Sahil]

Porsche must have some serious guts to take over a company 14 times its size!!

[FERRO]

Originally Posted by Sahil

Porsche must have some serious guts to take over a company 14 times its size!!

"Porsche has amassed a 31% stake in VW and has options to raise its holding further."


I dont think u require guts when u already have 31% stake in VW.

[androdev]

Porsche most profitable automaker, makes $28k per car sold

[hellspawn]

if porsche buys VW,and VW owns AUDI,Audi bought lamborghini.....does that mean porsche will end up owning lamborghini

[Nitin]

Originally Posted by hellspawn

if porsche buys VW,and VW owns AUDI,Audi bought lamborghini.....does that mean porsche will end up owning lamborghini

Hmm..that'll be an interesting sequence of events..

[Thad E Ginathom]

VW 911?

So how about the Skoda 911, then?

The possible effects on the VAG group range are fascinating!

[paganizonda]

Originally Posted by csentil

Yes... everyone's been talking about it for quite sometime. They already hold a stake in VW. Imagine a primarily sportscar maker being able to buy out a company like VW.

As long as they don't call their 911's as VW 911 or something I can live with it. :-)

If at all Porsche AG buys out VW AG, chances are more of seein a POrsche Passat/Pheaton rather than VW 911, isn it?

[khanak]

The supervisory board of Volkswagen Group just gave approval for Porsche AG to take a majority stake in the people's automaker. Porsche currently owns 31% of Volkswagen, and this move will ultimately increase that share to 51%. The increase in ownership is estimated to cost Porsche upwards of $20 billion, although the financial deets have not yet been released. Porsche is saying that owning a majority stake in VW will not result in the two companies combining, creating a German mega-automaker of biblical proportions. Don't expect things to change overnight for either company, as transactions like these generally take months to complete, if not years.

This move wasn't unexpected, either. Porsche has slowly been increasing its interest in VW over the past several years as we reported in June 2006, April 2007 and again in June 2007. Recent announcements that Porsche may use Volkswagen diesel powerplants in its Cayenne SUV now seem even more likely, and exchanges of technology, components and production capacity between the two are likely to increase. [Source: Detroit News]

Porsche ups ownership in VW to 51% - Autoblog

[dhaval]

from the same source:

Porsche is saying that owning a majority stake in VW will not result in the two companies combining....Recent announcements that Porsche may use Volkswagen diesel powerplants in its Cayenne SUV now seem even more likely, and exchanges of technology, components and production capacity between the two are likely to increase.

As the article itself says:-the two companies will not be combined and that VW will have its independent operations retained. To me it looks like Porsche is more interested in the VW technology then its subsidiaries/brands. Probably they will come out with a diesel Cayenne with PD technology, as per the article.

[Mayavi]

They are doing it to prevent VW being aquired by foreign companies. German has a law (VolksWagen Law) that prevents any non-german company from aquiring more than 10% stake in that company. Since this is against the Euro agreement, there is tremendous pressure on Germany to scrap the law. So Porsche is pre-empting an aquisition of a company that it has 30% stake in it.

[kkr2k2]

I think most of you know this but still...
beetle was designed by F. Porsche, father of porsche AG.

raj

[diffsoft]

Porsche already owns 31% of VW and the State of Saxony (where VW is based) has 20% - between the 2 they effectively control the company. I guess Porsche is increasing its stake also as a business investment in the largest automobile maker in Europe

[bhp1]

Due to several technicalities, PORSCHE takeover of VW has been delayed by months, but it appears the German sports car maker is inching closer towards a VW acquisition. European Union rules prevented a Porsche takeover in June due to a regulation that calls for a company be able to show an agreement or public bid for a majority share in a company before the European Commission will decide on such a matter.

To comply with the rule, Porsche will increase its stake in VW from 30.6 percent to 35.5 percent, effective September 2nd. The German automaker will then have to refile its proposal with the Commission.
Porsche submitted its original plans last month, but had to withdraw them due to the technicality.
In response to Porsche’s 4.9 percent bump in ownership, the state of Lower Saxony – VW’s largest current share holder – upped its stake in VW by 500,000 shares.
Once Porsche is given the all clear from the EU, it plans to raise its stake in VW to over 50 percent — which could happen soon after the September deal.