Porsche Not Seeking 75% of VW Group
"Reports are speculative"
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Comments (4)
ck314
Looks like the fires (1st warning) set in their assembly plant worked. Damn illuminist globalist state mafia.
March 10, 2008 7:18 pm
dbehmoaras
i don't even see why porsche would even want to take over vw--they get financed by them on their projects, and so far that has been working great what with the expansion to the cayenne and cayman platform, not to mention the upcoming 928/panamera (yes porsche, we know what you guys are up to over there in stuttgart) supported by vw corp.
March 11, 2008 10:36 am
sub39h
Last I read, there were 2 major reasons that Porsche wanted to acquire VW, and those reasons still stand: in light of new laws coming in that govern the average CO2 of a manufacturer's model line up, a take over of VW would allow Porsche to push smaller cars to bring down their average without sullying their blood line (provided that car groups are allowed to "share" their averages amongst their brands). The other reason stands with the very fact that Porsche shares platforms and parts with VW: they're looking to protect their production lines. Considering that no Porsche representative was quoted on this, I think we have yet to hear the last word.
March 11, 2008 3:16 pm
ck314
Until the repeal of the so called "VW Law" very recently, which allowed minority blocking and veto for as long as you owned more than 20% (Lower Saxony federal govt. have 20.7%), german bureaucrats controlled de facto the VW group and were reticent to increased presence from Porsche (who owns more than 30%), which would have given them total control over the group.
March 11, 2008 12:15 pm
