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.
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Comments (15)
Joe_Limon
where is Porsche getting this money? It's like rolls royce buying bmw out.
October 27, 2008 1:03 pm
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
speed_freak
As long as Porsche still fully committed into making sportscars and not people's cars...
October 27, 2008 4:02 pm
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
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
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
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
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
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
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
