Go Back   Team-BHP > BHP Worldwide > The International Automotive Scene


Closed Thread
 
Thread Tools Search this Thread
Old 2nd March 2011, 14:38   #1
Senior - BHPian
 
rajeev k's Avatar
 
Join Date: Jul 2009
Location: Emerging Metro
Posts: 3,306
Thanked: 1,730 Times
Default VW buys Porsche sales unit

Mod Note : Please continue the discussion in the new thread (VW to complete Porsche takeover; PiŽch triumphs in family feud)

Volkswagen said on TuesdaY that it has finalized the proposal for purchase of the automobile trading business of Porsche Holding Sulzburg for 3.3 Billion Euros. This acquisition would pave way for the creation of the integrated automotive group of Volkswagen and Porsche.

Last edited by GTO : 10th July 2012 at 09:32. Reason: Adding link to new thread
rajeev k is offline  
Old 31st January 2012, 15:10   #2
Distinguished - BHPian
 
Join Date: Dec 2010
Location: --
Posts: 10,032
Thanked: 15,509 Times
Default Re: VW buys Porsche sales unit

VW board to discuss Porsche deal on Feb. 14.

"Volkswagen's supervisory board will discuss plans to acquire the remaining 50.1 percent of Porsche Automobile Holding SE's sports car business at a meeting on February 14, a magazine reported.
Volkswagen acquired 49.9 percent of Porsche sports cars for 3.9 billion euros in December 2009 as part of a deal that prevented the likely insolvency of debt-laden parent Porsche SE."


http://www.autonews.com/article/2012...#ixzz1l1k9MS8l
volkman10 is offline   (1) Thanks
Old 19th March 2012, 10:10   #3
Distinguished - BHPian
 
Join Date: Dec 2010
Location: --
Posts: 10,032
Thanked: 15,509 Times
Default Re: VW buys Porsche sales unit

"VW's Osnabrueck, Germany, car plant will begin volume production of the Porsche Boxster sports car this fall.
Porsche plans to use the Osnabrueck facility to handle overflow production from its main plant in Zuffenhausen, Germany. Pilot production will begin this summer."



VW to Produce Porsche Cars in Osnabrueck | Plants & Production content from WardsAuto
volkman10 is offline  
Old 5th July 2012, 08:44   #4
Distinguished - BHPian
 
Join Date: Dec 2010
Location: --
Posts: 10,032
Thanked: 15,509 Times
Default Re: VW buys Porsche sales unit

Volkswagen agrees to acquire remaining Porsche stake for $5.6 billion


Quote:

Volkswagen AG agreed to buy the 50.1 percent stake in the Porsche SE automotive business that it doesn't already own for $5.6 billion (4.46 billion euros) and fully fold the sports-car maker into VW's stable of auto brands
volkman10 is offline   (1) Thanks
Old 5th July 2012, 15:05   #5
Senior - BHPian
 
madan80's Avatar
 
Join Date: Jan 2006
Location: Santa Clara, CA
Posts: 1,356
Thanked: 73 Times
Default Re: VW buys Porsche sales unit

Now Volkswagen has a serious range of cars - all it needs now is to buy Jeep or a similar SUV Mfg to have one brand in every category:

AUDI AG, the Audi Group, and the Audi marque - 99.55% ownership; the Audi marque is the sole active marque of the former Auto Union, bought from Daimler-Benz on 30 December 1964 (Which I did not know).
- Audi AG wholly owns the private high performance subsidiary company, quattro GmbH.

- Bentley Motors Limited - 100% ownership by Volkswagen AG; the company (at the time known as Rolls-Royce & Bentley Motors Ltd.) was bought on 28 July 1998 from Vickers, but did not include the 'Rolls-Royce' brand name. From July 1998 until December 2002, the Group's Bentley division also sold cars under the Rolls-Royce marque, under an agreement with BMW, which had bought the rights to the Rolls-Royce name, but not the Rolls-Royce operations. From 2003, only BMW has been able to make cars under the Rolls-Royce marque.

- Bugatti Automobiles S.A.S., and the Bugatti marque - 100% ownership via the Volkswagen France subsidiary, Bugatti Automobiles S.A.S. was created after Volkswagen Group purchased the right to the brand

- Automobili Lamborghini S.p.A., and the Lamborghini marque - 100% ownership by Audi AG; company was bought in June 1998.

- Porsche AG, and the Porsche marque Volkswagen AG purchased 49.9% of the shares in Porsche Zwischenholding GmbH (the holding company of Porsche AG) in December 2009.

- Ducati Motor Holding S.p.A.100% ownership by Audi AG; company was bought in April 2012.

- SEAT, S.A.100% ownership since 1990; initially in 1982 a co-operation agreement with Audi AG; 51% and 75% ownership in 1986, being the first non-German subsidiary of the Volkswagen Group.

- Suzuki Motor Corporation - Volkswagen AG completed the purchase of 19.9% of Suzuki Motor Corporation's issued shares on 15 January 2010, Volkswagen AG is the biggest shareholder in Suzuki.

- Škoda automobilovŠ - 100% ownership since 2000; initially in 1991 a co-operation agreement and 30% ownership; 60.3% and 70% ownership on 1994 and 1995 respectively

- Volkswagen Passenger Cars - the founding marque of the company, 100% ownership.

- Volkswagen Commercial Vehicles (VWCV), or German: Volkswagen Nutzfahrzeuge (VWN) 100% ownership; started operations as an independent entity in 1995. VWCV/VWN is in charge of all commercial vehicle developments within the Group, and has control over Scania AB and MAN SE.

- Scania AB Acquired July 2008 becoming the 9th marque of the Group, 89.2% of voting rights as of 31 December 2011.

- MAN SE - Acquired July 2011 becoming the 10th marque of the Group, 75.03% of voting rights as of 6 June 2012.

(knowledge gained from wikipedia)
madan80 is offline   (4) Thanks
Old 5th July 2012, 17:33   #6
Senior - BHPian
 
el lobo 6061's Avatar
 
Join Date: Apr 2011
Location: Navi Mumbai
Posts: 1,497
Thanked: 978 Times
Default Re: VW buys Porsche sales unit

Mod Note : Please continue the discussion in the new thread (VW to complete Porsche takeover; PiŽch triumphs in family feud)

Quote:
Originally Posted by madan80 View Post
Now Volkswagen has a serious range of cars - all it needs now is to buy Jeep or a similar SUV Mfg to have one brand in every category
Thanks for the informative post. VW surely knows when & where to plonk its money and make it count. VW has been consistently evolving its design and with cross platform usage like Jetta & A4 likewise Seat, VW & Skoda share same platform which in turns saves a whole lot of cost.

If we say VW Vento & Skoda Rapid are the same cars with different disguise with same underpinnings sold Vento 2418 & Rapid 3246 units in June'12 which is a total of 5664 units which is very close to Hyundai's Verna 5929 units. So VW AG surely making a lot of profit which gives them opportunity to diversify.

Regarding the SUV manufacturer, they have Touareg, Cayenne and upcoming Lamborghini Urus.

Last edited by GTO : 10th July 2012 at 09:32. Reason: Adding link to new thread
el lobo 6061 is offline  
Closed Thread


Thread Tools Search this Thread
Search this Thread:

Advanced Search


Similar Threads
Thread Thread Starter Forum Replies Last Post
Porsche Drive (Rentals): With a Porsche 911 Carrera voyageur Test-Drives & Initial Ownership Reports 14 19th July 2016 22:10
Porsche 991 pictures leaked! - 2012 Porsche 911 shamik.bose The International Automotive Scene 19 4th September 2011 04:10
Hondaís India Unit to Boost Dealers 28% to Spur Flagging Sales Aarman_008 The Indian Car Scene 12 1st September 2010 21:37
Indian buys Bernie Ecclestones London Mansion GTO Shifting gears 14 12th April 2006 21:51


All times are GMT +5.5. The time now is 16:44.

Copyright ©2000 - 2017, Team-BHP.com
Proudly powered by E2E Networks