Porsche finally to own VW
#1
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Porsche finally to own VW
Its taken many years but looks like Porsche are going to finally be able to buy VW.
PistonHeads Headlines
Wonder how long before they look at buying BMW and MB, lolss
PistonHeads Headlines
Wonder how long before they look at buying BMW and MB, lolss
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Personally, I think a better venture for Porsche would be to invest in some more imaginative exterior designers.
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Given their current financial state i think Porsche would pass on your business advice.
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Maybe, Maybe not. Maybe its the Porsche fanboys proping them up thanks to the badge (refer to Cayenne ), or maybe because they've saved a few billion in the exterior design department?
As an ex-Porsche owner myself, I can happily vouch that their current offerings straight of the jelly-mould that is the 997, is dynamically and visually nothing more than a rear engined 928, but without the ground-breaking styling (well, for 1978 it was). It is IMO, shockingly bland both in looks and driving. What happened to old lairy 911s of yore?
Now if the Cayman was modelled on the Carrera GT rather than a boil-washed 997, I wouldn't be here moaning about its lack of anything visually emotive. The watered down driving dymanics, however will still be a sore point.
#12
I know it baffles me, they make the best sportscars in the world, have a premum brand and have the highest profit margins on every car sold bar none.
Pre Tax profit 2006 over £1 billion. 100,000 cars sold.
Pre Tax profit 2006 over £1 billion. 100,000 cars sold.
Slate grey metallic paint £1560
Choose instrument dial back £300
Wheels painted £700
3 spoke steering wheel £300
Porshe Navigation System £2000 etc etc
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Our FD has a Porsche Cayenne turbo, he has got his wife a V10 TDI Touareg, he readily admits the VW is a much nicer car, but keeps the Porsche due to the image.
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#20
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The level of ignorance displayed earlier in this thread would be astounding if it wasn't on 'scoobynet'.
#21
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So how does this deal tie in with Audi, Skoda and Seat and thw rest of the current VAG group?
Is VW being split off or is Porsche taking a 51% share of VAG?
Cheers
Lee
Is VW being split off or is Porsche taking a 51% share of VAG?
Cheers
Lee
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I think its unlikely. Porsche upped its stake in VW in March this year to 30.9% which under EU law triggered a takeover bid. Porsche bid the minimum amount it could to shareholders as it had no intention of wanting to take over the company. The move was primarily to prevent hedge fund companies buying the company and breaking it up.
The CEO of Porsche (Wendelin Wiedeking) is a prodigy of the VW Chairman (Ferdinand Piech) so its unlikely while these two are here, much will happen in the way of substantial change.
I don't see Porsche's $8bn tail wagging the VW $200bn dog just yet.
Plus with credit markets in turmoil, I can't see any company raising enough capital to buy VW.
As for the 911 design, if it ain't broke, don't fix it. I'm not a huge fan, but I'm glad the round lights are back and I do like the new cars. The Cayman looks odd and the Cayenne should be binned.
My two pence.
Cheers
Matt
The CEO of Porsche (Wendelin Wiedeking) is a prodigy of the VW Chairman (Ferdinand Piech) so its unlikely while these two are here, much will happen in the way of substantial change.
I don't see Porsche's $8bn tail wagging the VW $200bn dog just yet.
Plus with credit markets in turmoil, I can't see any company raising enough capital to buy VW.
As for the 911 design, if it ain't broke, don't fix it. I'm not a huge fan, but I'm glad the round lights are back and I do like the new cars. The Cayman looks odd and the Cayenne should be binned.
My two pence.
Cheers
Matt
#25
And the Cayman, what happened with the rear wings, they stick up too far !
#26
ok slim, forget about the insults for the time being, go back in history and tell me about Dr Ferdinand Porsche, elefant, Tiger, The people's car (beetle) and Porsche cars cos i'm sure there's a link in there somewhere. And i'm sure after WW 2 it was the British army that kept VW/Porsche cars afloat and German industry as a whole. Now you all stay calm and just correct me or tell me if i'm wrong. Lets be adult.
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My glaswegean mate uses that expression quite a lot also actually superstar..
..the same as trying to make out hes always right about everything
take it all with a pinch of salt
..the same as trying to make out hes always right about everything
take it all with a pinch of salt
#28
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ok slim, forget about the insults for the time being, go back in history and tell me about Dr Ferdinand Porsche, elefant, Tiger, The people's car (beetle) and Porsche cars cos i'm sure there's a link in there somewhere. And i'm sure after WW 2 it was the British army that kept VW/Porsche cars afloat and German industry as a whole. Now you all stay calm and just correct me or tell me if i'm wrong. Lets be adult.
Emm nothing that’s what.
Classic scooby net. The second Porsche is mentioned talk turns to hairdessers, how boxsters are soooo slow and how the 911 has not changed in 40 years. Put another record on and we will listen to it.
#29
I don't recall mentioning hairdressers or Boxters being too slow, now you are off topic. But if it's hairdressers your into there's a loveley boy near me with nice blond streaks that drives a Pug 206cc.