Porsche Now Controls Volkswagen

Started by rambo_005, September 17, 2008, 05:59:41 PM

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rambo_005

Porsche Automobil Holding SE, Stuttgart, acquired a further 4.89 per cent of the Volkswagen ordinary shares on Tuesday, 16 September. As a result, the total stake in the Wolfsburg-based car manufacturer now amounts to 35.14 per cent of the voting rights.

QuoteDr. Wiedeking commented: ?We regard Audi as an integral part of the Volkswagen group and have no interest in removing the company from the group structure.?

http://www.porsche-se.com/pho/en/news/?pool=pho&id=2008-09-16


VeeDub

Does that mean that VWs will be more like Porsches now?  :D

Simon MkII

Mazda Mx5

rambo_005

Quote from: Simon MkII on September 17, 2008, 11:01:43 PM
Or will Porsches be more like VWs? ???

I'd go more with this way... I'd say Audi had a lot of what Porsche wants.

Far4ngn

Audi, VW and Porsche all belong to the same family anyway, I'm sure that the actual owners are all actually related, so its not surprising.
Sold - Mk 5 Golf GTI White, Audi S3 8L Red, Mk4 Golf GTI 1.8T Silver, Black, Jazz Blue, Mk3 6N Polo, Mk2 Golf GTI 16v Black, Red x2, Mk2 Golf GTI 8v Black, Mk2 Scirocco GTII Silver 2dr, Mk2 86c Polo Breadvan and Coupe

slowmo

so the next RS will be a Porsche-Audi machine  8)

what will this do with cars that compete directly with each other?

Q7 v Toerag v Cayenne
R8 v 911 v Lambo

hmmmmm
Current: 2004 MK4 R32 3-door NZ New DBP

Past: 2010 MK6 GTI / 2013 Nissan Leaf LOL / 2007 B7 RS4 / 2006 MK5 R32 / 2005 MK5 GTI / 1998 MK4 GTI / 1997 B5 A4 MTM

Far4ngn

Well the Toureg and Cayenne are the same car anyway, like a Golf and an A3, the platforms and parts are shared between the companies.

People will pay the extra as they are in a different sector of the market and it'll be chosen by badge...i.e. I wouldnt buy a Toureg if I could afford a Cayenne etc
Sold - Mk 5 Golf GTI White, Audi S3 8L Red, Mk4 Golf GTI 1.8T Silver, Black, Jazz Blue, Mk3 6N Polo, Mk2 Golf GTI 16v Black, Red x2, Mk2 Golf GTI 8v Black, Mk2 Scirocco GTII Silver 2dr, Mk2 86c Polo Breadvan and Coupe

oily

And now offering to buy Audi...

http://www.carmagazine.co.uk/Community/Car-Magazines-Blogs/Tim-Pollard-Blog2/Porsche-wins-control-of-VW-offers-to-buy-Audi/

Easy to do when you make an estimated $28,000US per car.

Compare that to VW's estimated $400

;D

HandsomeDan

Quote from: oily on September 19, 2008, 12:27:50 PM
Easy to do when you make an estimated $28,000US per car.

Compare that to VW's estimated $400

;D

FERKINELL!!!!
1998 Mk III Golf,
1992 B4 Audi 80
2007 Toyota RAV4
2000 Mazda SP20 AWD (JDM Mazdaspeed Edition)
1996 Toyota Starlet - daily hack
2003 Opel Zafira GSi 2.2
2007 Volvo XC70

oily

#9
Good to be in the Porsche-Piech family.

;)

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

There should be plenty of scope for a discount on your new Porsche.

;D


HandsomeDan

Quote from: oily on September 19, 2008, 03:31:27 PM


There should be plenty of scope for a discount on your new Porsche.

;D


Cue...Tui ad.
1998 Mk III Golf,
1992 B4 Audi 80
2007 Toyota RAV4
2000 Mazda SP20 AWD (JDM Mazdaspeed Edition)
1996 Toyota Starlet - daily hack
2003 Opel Zafira GSi 2.2
2007 Volvo XC70

rambo_005

Quote from: Far4ngn on September 18, 2008, 07:24:07 AM
Audi, VW and Porsche all belong to the same family anyway, I'm sure that the actual owners are all actually related, so its not surprising.

This is not true, Porsche belongs to the Porsche/Piech families, and they now also own just over 35% of the Volkswagen Group (all brands, not just Volkswagen).

VW Group and Porsche have had many joint ventures/partnerships in the past, and now David is buying Goliath...

sisu

Will they start building VW based sports cars in Gmund, Austria in the next 10 years?

As long as Porsche focus on building sub 3 litre, light sports cars then its cool in the gang. When they have dabbled in F1, Speedsters, GT's or 4x4's its gone tits up. The Cayannes have made them money with the chinese and russians, but they made alot of money selling all white 994 cabrios too. Its better for them to focus on what they do right and retain the base.
As for VAG, well its better than being bought out by Russian investors.  >:D

Pristle

Quote from: oily on September 19, 2008, 12:27:50 PM
And now offering to buy Audi...

http://www.carmagazine.co.uk/Community/Car-Magazines-Blogs/Tim-Pollard-Blog2/Porsche-wins-control-of-VW-offers-to-buy-Audi/

Easy to do when you make an estimated $28,000US per car.

Compare that to VW's estimated $400

;D

And they sell all their stock. Look how many yards are around with idle Ford, Toyota, GM stock just sitting waiting for orders.

Far4ngn

May have misled with the Porsche/Piech thing?  I know that the Piech family has shares in Porsche....I'm sure Piech was the grandson of Ferdinand Porsche.  I know Ferdinand Porsche worked for VW in the late 1930's helping to setup the Wolfsburg factory (for the Beetle) and later became GM.  Even in the 50's their was a VW/Porsche marketing company owned by Porsche.

Then until recently Piech was the chairman...but retired a few years ago.   

So what Im saying is that both companies have been dominated by the Porsche family since the very start.  For Porsche to buy VW/Audi then they're making sure that VAG don't produce any cars that could upset Porsche car sales and will probably veto any development.

Probably worse for the Audi marque as the top models are approaching Porsche territory and the Audi 4x4 will be a limited run if it's taking Cayenne sales.

Sold - Mk 5 Golf GTI White, Audi S3 8L Red, Mk4 Golf GTI 1.8T Silver, Black, Jazz Blue, Mk3 6N Polo, Mk2 Golf GTI 16v Black, Red x2, Mk2 Golf GTI 8v Black, Mk2 Scirocco GTII Silver 2dr, Mk2 86c Polo Breadvan and Coupe

rambo_005

These images below should explain it all :)














Pushbutton_auto


So we still all in the family with a few bastard (nice bas..) cousins added ...  :)
Beating up parking wardens ain't a crime.

Angle

Something a bit closer to home:

The next largest deal was a $155.4 million purchase by Porsche Automobil Holding (50 per cent Austrian and 22 per cent German) in its multibillion bid to control Volkswagen AG of Germany. Volkswagen owns shares in a New Zealand subsidiary, LeasePlan New Zealand, a company specialising in car leasing and fleet management.

slowmo

Current: 2004 MK4 R32 3-door NZ New DBP

Past: 2010 MK6 GTI / 2013 Nissan Leaf LOL / 2007 B7 RS4 / 2006 MK5 R32 / 2005 MK5 GTI / 1998 MK4 GTI / 1997 B5 A4 MTM

rambo_005

Quote from: slowmo on October 09, 2008, 11:49:35 AM
did you do that rambo?

The first one was from the New York Times website a while back, second from Der Spiegel and the last two came from the document released to all Audi AG shareholders when Porsche SE made it's mandatory bid for Audi AG. I only modified them a bit to update them ;)