Porsche to buy 20% of VW Shares to prevent Takeover!

Ianspeed · September 25th, 2005, 8:37 PM

OMG: http://www.bloomberg.com/apps/news?p...k&refer=europe

and here too:

http://www.abcnews.go.com/Business/wireStory?id=1157561

How fortunes wane. Remember when the Phaeton came out? Super VW could do no wrong... yikes.

So how much of VW does Porsche now own?

Think they may have to sell off some companies?

Or images/smilies/ohmy.gif

stop some motorsport programs? (Like the Audi R8/9 program??)

Ultra_Kool_Dude · September 25th, 2005, 8:45 PM

It's not a bad thing at all for VW. It makes them more stable. It's meant to block a possible takeover (maybe by an American company?) if some German law changes.

More interesting news:
- Audi, VW, and Porsche are working together on electric cars

bihus · September 25th, 2005, 8:49 PM

Quote:

Originally Posted by Ultra_Kool_Dude

It's not a bad thing at all for VW. It makes them more stable. It's meant to block a possible takeover (maybe by an American company?) if some German law changes.

More interesting news:
- Audi, VW, and Porsche are working together on electric cars

I think it's good, too. But I guess he was talking about all the money Porsche must have to do that...

BTW, wasn't your signature a work in progress?

Kip_6666 · September 25th, 2005, 8:50 PM

Quote:

Originally Posted by bihus

Quote:

Originally Posted by Ultra_Kool_Dude

It's not a bad thing at all for VW. It makes them more stable. It's meant to block a possible takeover (maybe by an American company?) if some German law changes.

More interesting news:
- Audi, VW, and Porsche are working together on electric cars

I think it's good, too. But I guess he was talking about all the money Porsche must have to do that...

BTW, wasn't your signature a work in progress?

Yeah you could do better UKD. Needs something more, maybe a dash of cowbell?

Ultra_Kool_Dude · September 25th, 2005, 9:24 PM

Quote:

Originally Posted by Kip_6666

Quote:

Originally Posted by bihus

Quote:

Originally Posted by Ultra_Kool_Dude

It's not a bad thing at all for VW. It makes them more stable. It's meant to block a possible takeover (maybe by an American company?) if some German law changes.

More interesting news:
- Audi, VW, and Porsche are working together on electric cars

I think it's good, too. But I guess he was talking about all the money Porsche must have to do that...

BTW, wasn't your signature a work in progress?

Yeah you could do better UKD. Needs something more, maybe a dash of cowbell?

I gotta have more cowbell baby! images/smilies/lol.gif

fbc · September 26th, 2005, 1:51 AM

Should that read 'Cayenne takes 20% holding in VW'? images/smilies/tongue.gif

Seriously though - I think this is good news - shows Porsche are nice and strong, and helps to ensure VW doesn't become fodder for GM or Ford.

Raven18940 · September 26th, 2005, 2:28 AM

Is it GM?

Dr. Woo · September 26th, 2005, 5:58 AM

Ah, Porsche...how do I love thee? Let me count the ways! images/smilies/tongue.gif

mmap · September 26th, 2005, 2:48 PM

Definitely interesting news!

11th consecutive profitable year!?! What other car company can say that these days?

haha604 · September 26th, 2005, 3:46 PM

^Toyota and Honda images/smilies/tongue.gif

.

Well I sure hope VW doesn't drag Porsche down financially. Whether VW's march upmarket is profitable remains to be seen.

bihus · September 27th, 2005, 12:45 AM

Porsche's Risky Ride with VW

Shares of Porsche Dip As VW Stake Sought

Porsche Drops After Buying 20% Of Pischetsrieder's VW

Devon · August 22nd, 2006, 10:06 AM

Quote:

Porsche says to raise Volkswagen stake soon
Mon Aug 21, 2006 1:19 PM BST171

STUTTGART, Germany (Reuters) - Porsche, the largest shareholder in Volkswagen, will soon exercise a call option to raise its voting stake in Europe's largest carmaker to just over 25 percent, Porsche said on Monday.

The holding in VW would then hand the sports car maker a blocking minority and likely prevent any hostile takeover bid should Germany's Volkswagen Law -- which limits any shareholder to exercising 20 percent of the voting rights -- be repealed as expected.

"We want to increase our stake in the near future," a spokesman for Porsche said, without providing further details.

Volkswagen is a close partner for Porsche, with the two collaborating on the Cayenne offroader, the Panamera four-door model in development, and a hybrid powertrain.

On Sunday, German weekly Frankfurter Allgemeine Sonntagszeitung cited banking sources as saying Porsche Chief Executive Wendelin Wiedeking wanted to raise the stake to 25.1 percent from a current holding of around 21.3 percent by mid-October at the latest.

German cartel regulators at the beginning of July already approved Porsche increasing its holding in VW, and Porsche had said previously it should control 25.1 percent by the end of the year.

Porsche said the stake would cost it 3.5 billion euros (2.4 billion pounds) in total.

Source

skaternick · August 22nd, 2006, 10:10 AM

Funny how many people constantly assume that VW owns Porsche, when it's the other way around.

youngwarrior · August 22nd, 2006, 1:00 PM

Quote:

Originally Posted by fbc

Should that read 'Cayenne takes 20% holding in VW'? images/smilies/tongue.gif

Seriously though - I think this is good news - shows Porsche are nice and strong, and helps to ensure VW doesn't become fodder for GM or Ford.

lol GM and ford cant buy VAG images/smilies/lol.gif

Theyre too far in debt, if anything we would see porsche joining the VAG group and climbing automotive power ladder even further to challenge ford.

WheatKing · August 22nd, 2006, 1:13 PM

From what I gather.. DCX wants VW.. or a stake in VW.

The new chrysler sebring and dodge avenger will be using TDI diesels in europe, as well as VW and DCX are going to collaborate on a minivan project..

FATMOUSE · August 22nd, 2006, 3:21 PM

Quote:

Originally Posted by WheatKing

From what I gather.. DCX wants VW.. or a stake in VW.

The new chrysler sebring and dodge avenger will be using TDI diesels in europe, as well as VW and DCX are going to collaborate on a minivan project..

boy that sounds dreadful.

WheatKing · August 22nd, 2006, 7:23 PM

wouldn't be the first time VW/Chrysler colloborated on some projects..

The horizon comes to mind.

http://www.allpar.com/model/horizon.html

sandor_ · August 22nd, 2006, 10:18 PM

Porsche has so much f-ing cash.....

ishigakisensei · August 22nd, 2006, 10:44 PM

Quote:

Originally Posted by fbc

Seriously though - I think this is good news - shows Porsche are nice and strong, and helps to ensure VW doesn't become fodder for GM or Ford.

GM and Ford are in absolutely no position to go on a shopping spree.

fbc · August 23rd, 2006, 10:54 AM

Jesus what's with people responding to a post I made A YEAR AGO?? Does anyone read post dates anymore?

FWIW - I was referring more to a long-term position when (if??) Ford and GM get themselves out of their current situation.

September 25th, 2005, 8:37 PM	#1
Ianspeed Joined: Apr 2nd, 2005 Last Online: February 24th, 2010 Location: California, USA Posts: 718 Car: 2008 Mazda Rx-8 Sport Rep Power: 21	Porsche to buy 20% of VW Shares to prevent Takeover! OMG: http://www.bloomberg.com/apps/news?p...k&refer=europe and here too: http://www.abcnews.go.com/Business/wireStory?id=1157561 How fortunes wane. Remember when the Phaeton came out? Super VW could do no wrong... yikes. So how much of VW does Porsche now own? Think they may have to sell off some companies? Or stop some motorsport programs? (Like the Audi R8/9 program??) __________________

September 25th, 2005, 8:45 PM	#2
Ultra_Kool_Dude AWESOME!!!111ONE Joined: Oct 4th, 2004 Last Online: January 4th, 2010 Location: Clarkson's House Posts: 3,681 Car: POWERR!!! Rep Power: 0	It's not a bad thing at all for VW. It makes them more stable. It's meant to block a possible takeover (maybe by an American company?) if some German law changes. More interesting news: - Audi, VW, and Porsche are working together on electric cars __________________ What's the difference between charity and socialism? What's the difference between sex and rape?

September 26th, 2005, 1:51 AM	#6
fbc Moderator Joined: Jan 8th, 2005 Last Online: November 11th, 2009 Location: Melbourne, Australia Age: 34 Posts: 11,774 Car: 2006 MY07 Astra SRi Turbo Rep Power: 130	Should that read 'Cayenne takes 20% holding in VW'? Seriously though - I think this is good news - shows Porsche are nice and strong, and helps to ensure VW doesn't become fodder for GM or Ford. __________________ www.sniffpetrol.com

September 26th, 2005, 2:28 AM	#7
Raven18940 Joined: Apr 16th, 2005 Last Online: July 10th, 2009 Location: PA, USA Posts: 633 Rep Power: 0	Is it GM? __________________ 2001 Saab 9-5 aero....don't laugh, it's fast.

September 26th, 2005, 5:58 AM	#8
Dr. Woo Joined: Jan 3rd, 2005 Last Online: June 27th, 2006 Location: Georgia Posts: 1,126 Rep Power: 23	Ah, Porsche...how do I love thee? Let me count the ways! __________________

September 26th, 2005, 2:48 PM	#9
mmap Joined: Sep 12th, 2004 Last Online: 7:52 PM Location: Finland Age: 30 Posts: 1,320 Rep Power: 24	Definitely interesting news! 11th consecutive profitable year!?! What other car company can say that these days?

September 26th, 2005, 3:46 PM	#10
haha604 Joined: Dec 28th, 2003 Last Online: February 13th, 2007 Location: Vancouver, Canada Posts: 1,051 Rep Power: 27	^Toyota and Honda . Well I sure hope VW doesn't drag Porsche down financially. Whether VW's march upmarket is profitable remains to be seen.

September 27th, 2005, 12:45 AM	#11
bihus Joined: Dec 7th, 2003 Last Online: December 18th, 2008 Location: Portugal Posts: 4,618 Car: BMW 330Cd LFS Status: Rep Power: 30	Porsche's Risky Ride with VW Shares of Porsche Dip As VW Stake Sought Porsche Drops After Buying 20% Of Pischetsrieder's VW

August 22nd, 2006, 10:10 AM	#13
skaternick Joined: Jul 29th, 2006 Last Online: October 20th, 2009 Location: Vancouver, BC, Canada Age: 24 Posts: 346 Rep Power: 0	Funny how many people constantly assume that VW owns Porsche, when it's the other way around.

August 22nd, 2006, 1:13 PM	#15
WheatKing Joined: Nov 11th, 2004 Last Online: March 18th, 2010 Location: Ontario Canada Posts: 221 Car: '08 Cadillac CTS Rep Power: 0	From what I gather.. DCX wants VW.. or a stake in VW. The new chrysler sebring and dodge avenger will be using TDI diesels in europe, as well as VW and DCX are going to collaborate on a minivan project..

August 22nd, 2006, 7:23 PM	#17
WheatKing Joined: Nov 11th, 2004 Last Online: March 18th, 2010 Location: Ontario Canada Posts: 221 Car: '08 Cadillac CTS Rep Power: 0	wouldn't be the first time VW/Chrysler colloborated on some projects.. The horizon comes to mind. http://www.allpar.com/model/horizon.html

August 22nd, 2006, 10:18 PM	#18
sandor_ Joined: Mar 16th, 2005 Last Online: January 5th, 2010 Location: Philadelphia, USA Age: 29 Posts: 1,043 Car: '76 911, '97 328i, '73 R75/5, '71 Vespa Rep Power: 0	Porsche has so much f-ing cash.....

August 23rd, 2006, 10:54 AM	#20
fbc Moderator Joined: Jan 8th, 2005 Last Online: November 11th, 2009 Location: Melbourne, Australia Age: 34 Posts: 11,774 Car: 2006 MY07 Astra SRi Turbo Rep Power: 130	Jesus what's with people responding to a post I made A YEAR AGO?? Does anyone read post dates anymore? FWIW - I was referring more to a long-term position when (if??) Ford and GM get themselves out of their current situation. __________________ www.sniffpetrol.com

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