VW Porsche merger off?
11-04-2010, 05:49 PM
#16
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At least for now. Ferrari also offered both for a while.
I fully understand the economic need to broaden the product line but others have managed to survive without it - I have yet to see an Aston Martin or Lotus SUV. Sorry but IMHO Porsche sold a bit of its soul when they made the Pepper.
I fully understand the economic need to broaden the product line but others have managed to survive without it - I have yet to see an Aston Martin or Lotus SUV. Sorry but IMHO Porsche sold a bit of its soul when they made the Pepper.
I think the thrust of the original thesis is that there was a time when a Porsche was *special*. They were hand built. They stood apart from the run of the mill fast cars by being faster than most anything but exotics. They were rare enough that seeing one was an event. They were rare enough that they didn't depreciate as much as other cars. In a sense, you can rate *specialness* by how much it depreciates. Look at 993s vs 996s.
Now, it is an expensive luxury car, just like a Lexus, Mercedes, Jaguar, etc. They are nice, they perform well, they are very luxurious, but, they are no longer *special*.
09-15-2011, 01:30 PM
#17
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Originally Posted by 9 Magazine
September 8, 2011
(Bloomberg) – Volkswagen AG said its merger with Porsche SE can no longer be completed by the end of the year as originally planned.
The planned merger with Porsche, which owns 51 percent of VW’s common stock, was originally scheduled for completion in the second half of 2011. German legal obstacles and an investigation into share-price manipulation allegations will likely push the deal’s completion into 2012, Porsche said Feb. 24. Volkswagen now owns 49.9 percent of Porsche’s carmaking operations.
Source: Bloomberg
(Bloomberg) – Volkswagen AG said its merger with Porsche SE can no longer be completed by the end of the year as originally planned.
The planned merger with Porsche, which owns 51 percent of VW’s common stock, was originally scheduled for completion in the second half of 2011. German legal obstacles and an investigation into share-price manipulation allegations will likely push the deal’s completion into 2012, Porsche said Feb. 24. Volkswagen now owns 49.9 percent of Porsche’s carmaking operations.
Source: Bloomberg
07-06-2012, 10:45 AM
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Originally Posted by David Kiley
Perhaps one of the most ironic twists in the deal that will finally bring Porsche under the Volkswagen AG umbrella, is that it comes after the much smaller Porsche had tried in 2008 and 2009 to acquire the much larger Volkswagen. Porsche's former CEO, Wendelin Wiedeking, considered almost the Lee Iacocca of the European auto industry, tried to engineer the deal through a complex and shady web of financial maneuvers and investments that came completely unglued and almost bankrupted Porsche.
The failure of the deal completely ruined what had been an 18-year, storied career for Wiedeking.
Indeed, after Porsche attempted the hostile takeover of VW, it was Volkswagen that came to Porsche's rescue.
The deal is being solidified today, which will result in VW's full ownership of Porsche on August 1.
Cheers --Jäger
07-06-2012, 01:10 PM
#21
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^^^ I also read recently that the family stockholders .. Porsche/Piëch want to diversify their holdings into companies that research and develop future transportation energy sources .. further diluting their focus on automobile production. I didn't think that sounded good at all ....
