Porsche Reveals Plans to Raise VW stake to 75% in 2009

Porsche announced on Sunday its intention to raise its stake in VW to 75% by 2009 in the German sportscarmaker's continued bid to gain a controlling share of Europe's largest automaker.

VW further under Porsche Control

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Joe_Limon

where is Porsche getting this money? It's like rolls royce buying bmw out.

October 27, 2008 1:03 pm

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3 replies

Decypha

lol maybe they been saving up

October 27, 2008 2:28 pm

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nathandavid88

Porsche are the most profitable automaker in the world, making more money per car than anyone else. That, along with the rising value of the VW stake they already own, has helped them come up with the money to do this.

October 28, 2008 6:42 am

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Joe_Limon

"making more money per car than anyone else"=ripoff car.

October 28, 2008 2:02 pm

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speed_freak

As long as Porsche still fully committed into making sportscars and not people's cars...

October 27, 2008 4:02 pm

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mmr66

i wish mercedes bought lamborghini now that would be intresting.

October 27, 2008 4:31 pm

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2 replies

Kepe

Umm..? Lamborghini is owned by the VW group. Which is owned by Porsche. So, Porsche actually owns Lamborghini.

October 27, 2008 5:21 pm

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Get_real

Porsche 'owns' Lamborghini in more than one way...

October 27, 2008 5:28 pm

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wjaprep

So, does this mean Porsche owns Audi, Bentley, Lamborhinin ect...?

October 27, 2008 5:28 pm

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Sharpie

Yes they do. Which makes it real interesting, now that Porsche owns one of its direct competitors. You know the four Lambo was designed behind Audi's back (Audi actually owns lambo) and this I hear has really pissed of the Management at Porsche since this will now hurt the sales of the new Panamara.

October 27, 2008 5:52 pm

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1 reply

GanSan

Well the profits will find their way back to Porsche anyway, so they shouldn't be too concerned. I expect that Porsche plan to use VW as their accessible manufacturer and keep the Porsche brand for sports cars. The fact that they own more of Lamborghini is nothing to be concerned about. They'll have to continue to develop the brand or their investment will be wasted.

October 27, 2008 6:39 pm

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carcrazy1234

they can't beat them so they buy em.... this is all that i'm getting from this article.. seriously... i hate porsche now. first with the GTR, now this. seriously... everyone speaking about competition and stuff. like... watch them scrap the 4 door lambo project because it might hurt sales to the panerama... **** you porsche. hahaha seriously.

October 27, 2008 6:52 pm

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Kakaofos

Porsche afraids Lambo, because Lambo produces better cars. The last 4-door Lambo is much better looks than Panamera. Panamera is front-mount engine 5-door hatch...What's the suck! It hasn't related to real Porsche.

October 28, 2008 5:51 am

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Nurchus

All I know is if that company that no longer competes in races unless a customer buys one of their cars and offers to race for them free of charge, let alone is the only way to keep Porsche's image going and keep the prices falsely inflated, AND decide to use VW and Audi to keep their pockets full by raising prices on the "People's Car", I will be severely angry. I hope those fools do not touch the prices of Volkswagens. It would be stupid on their part to raise prices on VWs in the first place, especially if they are using the company for support to keep their company going on producing over-priced cars.

October 28, 2008 10:10 am

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Blackeyes21

What about Ferrari is still out of reach by Porsche the only sports car still free till now.

October 28, 2008 10:50 am

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