moorepower

Does all this mean that 914's and 924/944's will suddenly become the real Porsches?

DaveM993

nice try.

Van

Flying Finn

And?

Flying Finn

Oh and for comparison, some recent 4 seater designs from brands VW owns & from Porsche. No need to point out where better designs come from.

And just look at what has happened to lamborghini after VW bought it and say what has happened during that time to Porsche (ugly trucks & sedans, no factory racing, forced sunroofs in their cars etc.)...

A.Wayne

Weideking is reportedly taking home 150 million from this deal .........

Abby Normal

No need because I'm positive there will be a Routan PCA series very soon.

M758

I have become disallusioned the Porsche's new car offerings over the past 10 years or so.

GT3 is gets me going, but much less so in 997 version? Why it seems to me what the standard GT3 is should be what a standard 911 is. Instead it is "sport". Then performanc version is the RS.

The cayman is nice, but I hate pricing structure above the boxster. The 911 is nice, but realy a 928 dressed in 911 clothes. Now I like the 928 as a GT car so that is not as bad as it sounds, but it sure is not the hot nimble 911 it one was. 997 turbos are bloated and fat like a more powerfull 928.

Boxster is nice but I don't care for convertables.. So in the end I will just stick with my old 944 and 944 Turbo. They may not be fanastic cars, but they are still nice and very affordable and I don't feel like giving my left nut swap a 944 Turbo S for a Cayman S. The newer car is nice, but not that nice.. and a GT3 well. That would take both my nuts and what point is there in having a GT3, but no means to keep it going?

kfyork

Source: http://www.ft.com/cms/s/0/ba9dce78-7...nclick_check=1

Image courtesy and copyright to AP via FT.com

multi21

See Finn, we can agree with something.

If VW can get Porsche more focused on it's core place in the VW holdings, it will offer better cars. Although you can't argue with the sales of the Porsche SUV, it's focus and quality was not up to Porsche standards. The Panamerica I'm afraid is a big Euro gamble at best that will not pay for itself in the long run.

Don't try to be everything to everyone. Do what you do well and stick to it.

RSA333

I don't think that Porsche will stop making SUVs and such when they get absorbed by VW. They will just become the luxury versions of VW's offerings.

RSA333

Also- one more thing. A Porsche factory rumor is that many Porsche dealers will close after the merger, especially in the U.S., and in some places, Porsches will be sold at VW dealerships.

Bull

This facility was built in the last year, with three openly connected showrooms. As you face the building Audi is on the left side, VW in the middle and Porsche is on the right side of the building. If you look at the pictures of each, you can see that they are all one building. All Sales Associates handle all three brands.

http://vw.flemington.com/

http://flemington.porschedealer.com/

http://audi.flemington.com/

paradisenb

I don't think this is a bad thing. In fact, it may be the best thing for Porsche and it's loyal race car lovers.
Maybe the Porsche brand can return to building sports/race cars only and not have to seek market share through station wagons and sedans.

Being just one division of VW they may only need to provide a contribution margin from true sports cars. Maybe VW will provide $$ to go factory racing again. Wouldn't that be great.

There will likely be tons of cost savings from combining dealerships, ^^^^Bull, and manufacturing facilities.

Doubtfull there will be an ALMS P1 Porsche with Audi onwing that for so many years.

Cupcar#12

possibly new detail-

the offical Press release from Porsche holdings SE
Macht appointed Chairman of the Board of Management for Porsche AG, Edig his deputy – both also Members of the Board of Management of Porsche SE
Wiedeking and Haerter are leaving companyStuttgart. Today the Supervisory Board of Porsche Automobil Holding SE, Stuttgart, together with Dr. Wendelin Wiedeking and Holger P. Haerter agreed upon their dismissal. Both Members of the Board of Management will leave Porsche SE and Dr. Ing. h.c. F. Porsche AG with immediate effect, but will provide advice to both companies (make themselves available for serving both companies as consultants) as wished by the Supervisory board. Both resign from their respective seats at the Supervisory Board of Volkswagen AG and Audi AG.

In the last weeks Wiedeking and Haerter have come to the conclusion, that
the further strategic development of Porsche SE and Porsche AG is better off,
if they are not on board as acting persons. They both see that step as a significant contribution to the appeasement of the situation and to support the forming of an integrated car manufacturing company. Both gentlemen will accompany the handover at the Board of Management level positively and support their respective successor in their tasks.

Wendelin Wiedeking in his functions as CEO Porsche AG will be followed by Michael Macht, currently Board member of Porsche AG in charge of Production and Logistics. Thomas Edig, Board member in charge of Human Resources of Porsche AG will become his deputy. Furthermore Macht and Edig have been appointed as Members of the Board of Management of Porsche SE, Macht in charge of technology and products, Edig with responsibility for commercial issues and administration.

The Supervisory Board expressed its thanks to both Board members resigning from office for their long lasting work. The Board has offered Dr. Wiedeking a compensation for the termination of his contract, originally maturing 2012, of Euros 50 million. Wiedeking accepted this proposal as well as Holger P. Haerter, who was offered a compensation of Euros 12.5 million. Both Wiedeking and Haerter waived rights deriving from their current contracts in a substantial amount.

Dr. Wiedeking was appointed CEO of Porsche AG on October 1 1992. After successfully turning around the company he managed to make the Stuttgart based manufacturer of sporty luxury cars the most profitable car company in the world. In September 2005 Porsche made public a 20 percent stake in common shares of Volkswagen AG. As a consequence Wiedeking joined the VW Supervisory Board in January 2006. After the forming of Porsche Automobil Holding SE in November 2007 he also took over the position of Chairman of the Board of Management in this Holding company that alongside 100 percent in Porsche AG today also owns 50.76 in VW AG.

Holger P. Haerter joined the Stuttgart based company in 1996 as Member of the Board of Management in charge of Financing and Accounting as well as Sourcing. Similar to Wiedeking he sits on the Supervisory Board of Volkswagen AG. In November 2007 he was appointed member of the Board of Management in charge of Finance of Porsche SE and Deputy Chairman of the Board of Management by the Supervisory Board.

Michael Macht, born in Stuttgart in 1960, studied Mechanical Engineering at Stuttgart University and was scientist at Fraunhofer Institute for Industrial Engineering IAO, before he started his career at Porsche AG in 1990, becoming specialist for engine planning. After serving as Director’s Assistant with respect to production and materials management, concept and the organization of the PVP Porsche improvement process, he became Chairman’s Aisstant, developing and implementing the so called P.O.L.E. program, short for process optimization through supplier integration. In 1994 he was promoted to Managing Director of the freshly founded Porsche Consulting GmbH and in 1998 became Member of the Board of Management in charge of Production and Logistics of Porsche AG. His work is centered around increasing efficience in production. Macht was in charge of the building and start of operation for the Leipzig factory as well as the wramp up of the model lines Cayenne and Panamera.

Thomas Edig was born 1961 in Stuttgart. After graduating in Business Administration from the University of Cooperative Education in Karlsruhe in 1986, he was employed at Alcatel SEL AG in Stuttgart. Following a number of promotions, he became member of the Board and HR Director in 1998, before being appointed to the Executive Board of Alcatel in Paris in 2002. After an intermezzo at Deutsche Telekom AG in Bonn in 2006 he was employed at Porsche AG. In May 2007 he has been appointed a Member of the Board responsible for Human Resources and Labor Relations Director.

K-GO


7/22/2009


http://www.porsche-se.com/pho/en/new...d=2009-07-23-3


http://www.edmunds.com/insideline/do...ticleId=153269

Volkswagen Takeover of Porsche Appears a Done Deal, Porsche CEO Wiedeking Out
Date posted: 07-23-2009

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STUTTGART, Germany — The supervisory board of Porsche has met in a special session, and the takeover of the automaker by Volkswagen appears on its way to realization, although there are many details still to be worked out. The Porsche Automobil Holding company's supervisory board authorized a cash infusion and talks with the emirate of Qatar's Qatar Holding to sell a stake in Porsche, both with the aim of acceding to Volkswagen's attempt at a takeover. Qatar is reportedly interested in an investment in the combined companies once a merger is agreed upon.

Michael Macht, currently Porsche's production and logistics chief, has been named CEO of Porsche AG, with Thomas Edig, human resources head, named as his deputy. Both are also named to the board of management of the automaker.

Wendelin Wiedeking has been dismissed as head of Porsche after a 16-year-run, with a severance package that includes a lump sum of $71.1 million. He had opposed a takeover of Porsche by Volkswagen. Porsche released a statement Thursday saying Wiedeking will use some of that money to set up a charitable organization with the intention of "ensuring a socially fair development at all Porsche sites" and also will invest in projects to create jobs in Germany. He and finance chief Holger P. Härter of the board of management, who is also leaving with a large severance payment, said in a statement that they believe "the further strategic development of Porsche...is better off if they are not on board" and that their departure will "support the forming of an integrated car manufacturing company." Their departure takes effect immediately, Porsche said.

Volkswagen is set to hold a special meeting of its own board of management today and is expected to confirm the intention to add Porsche to its stable of automakers.

Inside Line says: As the British Economist newspaper put it, "a sad end to 78 years of proud independence" for Porsche. — Laura Sky Brown, Correspondent


But i liked the LM002 FlyingFinn !! - damn thing could cause its own oil crisis too!!!