Join an online community of 132,863 people. Create a profile, make new friends, share pictures and videos with the 610 people online now!

Subscribe | Back to Automotive

EU approves Porsche purchase of VW

Tell people about this topic:
+ Post Reply

Total Posts: 11 Posts

  • Report | Quote Posted: Thu 24th Jul 2008, 6:34 pm

    uk.reuters.com/article/governmentFilingsNews/idUKBRU00667620080723

    This means Porsche gets a hold of not just the VW marque but 9 active marques owned by the VW group:

    • Audi AG (VW owns 99%)
    • Bentley Motors Limited (VW owns 100%)
    • Bugatti Automobiles SAS (VW owns 100%)
    • Skoda Auto (VW owns 100%)
    • Automobili Lamborghini S.p.A. (VW owns 100% through Audi AG buy out)
    • Seat S.A (VW owns 100%, moved to Audi AG, brought back under VW group)
    • VW passenger cars (VW owns 100%)
    • VW commercial vehicles (VW owns 100%)
    • Scania, AB (VW owns 68% voting rights and near 38% capital stake since 2008, controlling shareholder)

    Also five classic and inactive marques:

    • Auto Union (Evolved into Audi AG)
    • DKW (merged into the Auto Union)
    • Horch
    • NSU (Evolved into Audi AG)
    • Wanderer (Evolved into the Auto Union)

    Info source: en.wikipedia.org/wiki/Volkswagen_Group


    eek

    Account removed
  • Report | Quote Posted: Thu 24th Jul 2008, 8:55 pm

    Interesting. I was always under the impression that Porsche were part of the marques that the VAG group owned.

    Learn something new everyday.

    Quote:

    Maggie Thatcher is to be buried beneath the world largest man-made lake.

    Well she will be by the time we've all finished pissing on her grave


    reef

    27, Male, UK

    324 Posts
  • Report | Quote Posted: Thu 24th Jul 2008, 9:16 pm

    I thought Porsche was part of the VW group as well. What I find incredible is that with VW groups accumulated wealth through all the other marques they own, Porsche AG are the ones staking VW group.

    en.wikipedia.org/wiki/Porsche#Relationship_with_Volkswagen


    eek

    Account removed
  • Report | Quote Posted: Thu 24th Jul 2008, 10:46 pm

    Coming to a Porsche showroom near you soon..

    Rumours of a 3.6 litre twin-turbo remain unconfirmed

    But it'll be interesting to see where Porsche takes things from here.

    Last edited by simon..., Thu 24th Jul 2008, 10:47 pm.

    simon...

    Account removed
  • Report | Quote Posted: Thu 24th Jul 2008, 10:51 pm
    I'm sad to hear of this.  Porsche must have some real money to be able to look at buying them.  VAG have always made excellent, if not overpriced, cars.. I hope the Porsche buyout - should it happen - be uneventful, as I really dislike Porsche's in general (other than the Cayman and Carrerra GT.)

    7Guaje

    Account removed
  • Report | Quote Posted: Thu 24th Jul 2008, 11:14 pm

    7Guaje wrote:

    as I really dislike Porsche's in general (other than the Cayman and Carrerra GT.)

    ?

    ?

    Though id say porsche need to fire their design team and actually come up with a 911 that doesnt look 99.9% identical to its predecessor.


    simon...

    Account removed
  • Report | Quote Posted: Thu 24th Jul 2008, 11:35 pm
    Couldn't be any worse than Ferraris design team at the minute. Seriously. Seen the new Ferrari California?

    eek

    Account removed
  • Report | Quote Posted: Thu 24th Jul 2008, 11:39 pm

    It looks like it needs a wagging tail and that it just wants a great big hug.  That said.. I'm sure it'll still turn heads.  Not like a Gallardo does, but still..


    7Guaje

    Account removed
  • Report | Quote Posted: Fri 25th Jul 2008, 12:04 am
    I agree tbh, most of them have made some pretty uninspiring cars as of late. I think the 355 was the last Ferrari I remember as being worthy of the badge for its appearance at least.

    simon...

    Account removed
  • Report | Quote Posted: Fri 25th Jul 2008, 12:58 am

    Porsche have some serious money though. The owner of porsche has been on the board of VAG for some time now though hasnt he? I was under the impression that porsche had pretty much controlled VAG for the past year at least anyway.

    I dont care what anyone says about 911's looking the same, I love them. It's a timeless shape, and perfect in everyway.

    Give me an RUF RT12 anyday.


    Steam

    22, Male, UK

    73 Posts
  • Report | Quote Posted: Mon 28th Jul 2008, 2:13 am
    didnt realise vw owned so much

    Himmler

    Account removed
+ Post Reply

EU approves Porsche purchase of VW

Discuss EU approves Porsche purchase of VW on the Mingleville Automotive message forum