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Old 05-07-2009, 03:56 AM #1
Jinjiro
 
 
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VW and Porsche to merge

Hope this isn't old news, or has already been posted...

http://www.cnn.com/2009/WORLD/europe...rge/index.html

Quote:
(CNN) -- Iconic German automakers Volkswagen and Porsche have reached an agreement to merge operations -- the latest move in an industry that has seen whiplash changes in recent weeks.
Porsche, which recently debuted its luxury sedan Panamera, will merge with Volkswagen.

The two companies have been in talks in recent weeks about merging manufacturing operations. A statement released on the Porsche Web site said the management boards of Porsche and Volkswagen have agreed in principle for the creation of an integrated car manufacturing group.

"In the final structure ten brands shall stand below an integrative leading company alongside each other, whereby the independence of all brands and explicitly also of Porsche shall be ensured," the statement said.

Porsche had been aggressively trying to take over Volkswagen, building a 51 percent stake in the company with ambitions to raise the stake to 75 percent. But Porsche also built a debt of nearly $12 billion as the world automotive market began to shrink during the financial crisis.

The agreement includes undisclosed "capital measures," the Porsche statement said.

The move comes as Chrysler filed for bankruptcy protection and Italian carmaker Fiat has announced ambitions to combine with Chrysler and GM Europe operations to form one of the world's largest car companies.
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Old 05-07-2009, 04:01 AM #2
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rwd or fwd... who will prevail
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Old 05-07-2009, 06:37 AM #3
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Porschewagon?
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Old 05-07-2009, 07:59 AM #4
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Hasn't Porsche been trying to get a bigger stake in VW for a while now?
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Old 05-07-2009, 09:18 AM #5
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what are all 10 brands in the VAG?

I know

VW
Porsche
Audi
Lambo
Seat (iirc)
and bentey
edit: almost forgot bugatti

who else?
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Last edited by magman007 : 05-07-2009 at 09:21 AM.
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Old 05-07-2009, 10:01 AM #6
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Quote:
Originally Posted by magman007 View Post
what are all 10 brands in the VAG?

I know

VW
Porsche
Audi
Lambo
Seat (iirc)
and bentey
edit: almost forgot bugatti

who else?
I was wondering the same thing but according to wikipedia Skoda, Scania AB, and MAN AB, the last two being manufactures of heavy commercial vehicles like trucks, buses, etc. Which seems to make 10 all together.
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Old 05-07-2009, 11:59 AM #7
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this was posed like last year
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Old 05-07-2009, 12:16 PM #8
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Originally Posted by BigTarget04 View Post
I was wondering the same thing but according to wikipedia Skoda, Scania AB, and MAN AB, the last two being manufactures of heavy commercial vehicles like trucks, buses, etc. Which seems to make 10 all together.
i did not know that skoda was a vw brand too, i just thought they were a quirky stand-alone kinda like citroen but less popular.
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Old 05-07-2009, 12:24 PM #9
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Originally Posted by magman007 View Post
i did not know that skoda was a vw brand too, i just thought they were a quirky stand-alone kinda like citroen but less popular.
I'm pretty sure that it hasn't been for a long time, since the 90s or so. The new Skodas look so vw/audi like though.
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Old 05-07-2009, 12:36 PM #10
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I'm pretty sure that it hasn't been for a long time, since the 90s or so. The new Skodas look so vw/audi like though.
they use the mkiv headlight switches... take one out and read the brands on the back...
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Old 05-07-2009, 02:32 PM #11
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VAG is just swallowing everything.
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Old 05-07-2009, 03:51 PM #12
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VAG is just swallowing everything.
lolololol
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Old 05-07-2009, 04:07 PM #13
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Porsche AG had already become the majority shareholder in Volkswagen AG for a long time now. It's ironic, considering they were once a subsidiary of Volkswagen. The next logical step is to find synergies in manufacturing, research, and development.
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Old 05-07-2009, 04:17 PM #14
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Didnt VW and Porsche used to be together?
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Old 05-07-2009, 04:32 PM #15
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Originally Posted by orionz06 View Post
they use the mkiv headlight switches... take one out and read the brands on the back...


Mk4 would be recent now wouldn't it? I don't really understand your post.
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Old 05-07-2009, 05:22 PM #16
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Quote:
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Didnt VW and Porsche used to be together?
Ferdinand Porsche design the beetle. As well as some other cool stuff, all for Hitler.
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Old 05-07-2009, 08:35 PM #17
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they're not going to merge.


germany has laws preventing the takeover of vw by anybody. you can own 99% of VAG shares and still only excercise 49% of voting rights.

also, Skoda is still a VAG brand. all our parts boxes come with VW/Audi/Seat/Skoda emblems on them.
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