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Author Topic: Volkswagen and Porsche merger? Why not?  (Read 1398 times)

Ryan in Maine

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Volkswagen and Porsche merger? Why not?
« on: May 07, 2009, 07:03:49 AM »
http://news.yahoo.com/s/afp/germanyautomergercompanyporschevolkswagen4th

Quote
BERLIN (AFP) – Luxury car maker Porsche and Europe's biggest auto producer Volkswagen agreed on Wednesday to forge a merged German car giant, stepping up the momentous changes shaking the industry worldwide.

A special meeting of their boards and key shareholders in Salzburg, Austria gave themselves four weeks to agree a tie up.

Porsche, which had been seeking to take control of Volkswagen, said in a statement that the decision came after weeks of what Porsche called "intensive talks".

Porsche, which is family owned, said had "argued for the creation of an integrated car manufacturing group" which will now have 10 separate auto brands ranging from Audi, Volkswagen and Porsche in Germany to Czech maker Skoda, Seat in Spain, Lamborghini in Italy, Bentley in Britain and Bugatti.

The Porsche statement said that "the independence of all brands and explicitly also of Porsche shall be ensured."

But it said "Volkswagen and Porsche (will now) intensify the talks in a joint working group," it said.

"It is the aim to develop a corresponding basis for decision-making on the future structure of the common group within the next four weeks," it added, giving no further details.

It's the latest fashion.  =D
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El Tejon

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Re: Volkswagen and Porsche merger? Why not?
« Reply #1 on: May 07, 2009, 07:31:43 AM »
Ummm, weren't they merged about 60 so years ago? :laugh:

Maybe just working for the same "Car Tsar"? =D

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I do not smoke pot, wear Wookie suits, live in my mom's basement, collect unemployment checks or eat Cheetoes, therefore I am not a Ron Paul voter.

Tuco

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Re: Volkswagen and Porsche merger? Why not?
« Reply #2 on: May 07, 2009, 07:37:19 AM »
Seriously -
They're not the same company???
 =|

Just goes to show I can learn something every day.

Next you'll be telling me Audi and Volkswagen aren't related.  :lol:
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mtnbkr

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Re: Volkswagen and Porsche merger? Why not?
« Reply #3 on: May 07, 2009, 08:08:43 AM »
No, Porsche and VW aren't the same company, but they do have a close working relationship, or did some number of years ago.  Several Porsche autos were joint projects with VW.

Chris
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Clem

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Re: Volkswagen and Porsche merger? Why not?
« Reply #4 on: May 07, 2009, 08:13:13 AM »
I was aware of the close working relationship between VW and Porche, but I wasn't aware of the other brands involved beyond Audi.
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Harold Tuttle

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Re: Volkswagen and Porsche merger? Why not?
« Reply #5 on: May 07, 2009, 11:01:23 AM »
The VW Touareg, Audi Q7 & the Porsche Cayenne are kissing cousins

My new beetle has the same door latches, window switches and lock buttons as the Audi TT
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Dannyboy

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Re: Volkswagen and Porsche merger? Why not?
« Reply #6 on: May 07, 2009, 11:45:53 AM »
Porsche bought a large chunk of VW last year.  A controlling interest, I thought.
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Scout26

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Re: Volkswagen and Porsche merger? Why not?
« Reply #7 on: May 07, 2009, 02:57:37 PM »
Wasn't it Ferdinand Porsche that designed the original VW...

ahhh, here we go...... http://en.wikipedia.org/wiki/Ferdinand_Porsche
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Gewehr98

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Re: Volkswagen and Porsche merger? Why not?
« Reply #8 on: May 07, 2009, 02:58:57 PM »
VW, Audi, and Porsche have been a corporate consortium for some time now.

This just formalizes it.
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El Tejon

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Re: Volkswagen and Porsche merger? Why not?
« Reply #9 on: May 07, 2009, 03:18:22 PM »
Quote
Wasn't it Ferdinand Porsche that designed the original VW...

Yes, and I Godwined the thread with that reference.

*kicks rocks*

Lousy scout.  Taking all the fun out of Godwinning.

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