Maxus-MIFA9 Supersonic July 6, 2012 Share July 6, 2012 Yahoo reported : VW says Porsche deal clears path to global leadership WOLFSBURG/FRANKFURT, Germany (Reuters) - Volkswagen (GER:VOW3.DE - News) moved closer to its aim of becoming the world's top car maker by buying up the remaining half of Porsche in a deal that ends a protracted takeover struggle which has sparked family feuds and investor lawsuits. The deal will enable VW to escape a tax bill of 1.5 billion euros. It also allows VW to speed up Porsche's integration into a multi-brand empire that aims to sell 10 million vehicles a year to become the world's no. 1 by 2018. "We're wrapping up one of the most significant projects in the automotive world," VW Chief Executive Martin Winterkorn told reporters at the group's Wolfsburg headquarters. "Together we are more capable than ever of becoming the best auto company on the planet," he said, adding that VW was poised to invest "massively" in new shared technologies and production. Joint projects already underway include Porsche's next model, the Macan mid-size SUV, due for a 2014 launch. VW plants already provide the painted car bodies for some Porsche models and will build the Porsche Boxster in new factory in Osnabrueck, Germany. Already a major player in emerging markets such as China, Russia and Latin America, Volkswagen will also need a bigger U.S. presence if it is to win and maintain the global crown. Shares of Europe's biggest automaker rose strongly on Thursday after it agreed to buy the remaining half of the sports-car maker for 4.46 billon euros. "VW is getting a good deal," said London-based Morgan Stanley analyst Stuart Pearson, predicting in a note to investors that its completion would lift VW earnings by 6 percent next year. "Porsche is the world's best premium car story." Holding company Porsche SE had initially hoped to acquire Volkswagen in a leveraged buyout and plunder VW's coffers to fund the deal. The controversial plan hatched by Porsche SE's star CEO Wendelin Wiedeking drove a wedge between the two clans at the time, but they reconciled after Wiedeking's risky manoeuvre pushed the holding company to near bankruptcy. Hmmmmm........ initially, Porsche wanted to buy over VW but instead, VW bought over Porsche .... ↡ Advertisement Link to post Share on other sites More sharing options...
1fast1 Supersonic July 6, 2012 Share July 6, 2012 (edited) Yahoo reported : VW says Porsche deal clears path to global leadership Hmm...I'm racking my brains to remember the last time a German spoke about global domination. Sometime in the 1930s, wasn't it? All macabre...or should I say "Macan" jokes aside, this represents a sheer devaluation of the Porsche marque. More so even than when they launched the blardy Gay-enne. Edited July 6, 2012 by Turboflat4 Link to post Share on other sites More sharing options...
Maxus-MIFA9 Supersonic July 6, 2012 Author Share July 6, 2012 Wow... come next year, VW Passat & Beetle installed with Porsche 928 engine... Link to post Share on other sites More sharing options...
Shull Turbocharged July 6, 2012 Share July 6, 2012 DAS AUTO http://en.wikipedia.org/wiki/VW_Group They own (or have majority stake) in many car/motorcycles maker hor... Link to post Share on other sites More sharing options...
Joseph22 Turbocharged July 6, 2012 Share July 6, 2012 isnt this old news??? anyway VW is birth by Porsche. now son makan father. Link to post Share on other sites More sharing options...
Shull Turbocharged July 6, 2012 Share July 6, 2012 isnt this old news??? anyway VW is birth by Porsche. now son makan father. No bro.. previously they only own 50% of Porsche.. now it's 100%.. Link to post Share on other sites More sharing options...
Joseph22 Turbocharged July 6, 2012 Share July 6, 2012 No bro.. previously they only own 50% of Porsche.. now it's 100%.. isnt this the eventual step they wanted to take anyway? Link to post Share on other sites More sharing options...
Timbuktu Clutched July 6, 2012 Share July 6, 2012 Soon Porsche cars will c/w DSG/MU direct from the VAG parts bin and may even launch an entry model based on the 2.0 TFSI engine. Eeeuuuw Yucks! It will be such a shame, with the Porsche marque totally desecrated. Sad and shameful :angry: Link to post Share on other sites More sharing options...
SimonTan 2nd Gear July 6, 2012 Share July 6, 2012 Please make a more affordable Caymen to compete with Gt86. Link to post Share on other sites More sharing options...
Alim 1st Gear July 6, 2012 Share July 6, 2012 (edited) Soon Porsche cars will c/w DSG/MU direct from the VAG parts bin and may even launch an entry model based on the 2.0 TFSI engine. Eeeuuuw Yucks! It will be such a shame, with the Porsche marque totally desecrated. Sad and shameful :angry: Porsche already has DSG known as PDK. Contrary to belief, DSG was first developed for Porsche by Borgwarner and later license to Vag according to this wiki Edited July 6, 2012 by Alim Link to post Share on other sites More sharing options...
KARTer 2nd Gear July 6, 2012 Share July 6, 2012 Soon Porsche cars will c/w DSG/MU direct from the VAG parts bin and may even launch an entry model based on the 2.0 TFSI engine. Eeeuuuw Yucks! It will be such a shame, with the Porsche marque totally desecrated. Sad and shameful :angry: Hopefully the current Porsche models will continue without "dilution" from VW. It maybe ok to allow VW lineup benefit from transfer of technology from Porsche, but the reverse flow from VW to Porsche will be unlikely to benefit Porsche as what it has now, eg prestige, technology, etc are far more superior than what VW has. Btw, after BMW acquired RR, the latter doesn't seem to suffer any form of desecration. Hopefully it will be the same in the case of Porsche. Link to post Share on other sites More sharing options...
Shull Turbocharged July 6, 2012 Share July 6, 2012 Come to think of it.. Audi is also under the VW group.. but it has retained it's own identity of luxury German marque to compete with Merc and BMW.. Link to post Share on other sites More sharing options...
Elviskoh Neutral Newbie July 6, 2012 Share July 6, 2012 Come to think of it.. Audi is also under the VW group.. but it has retained it's own identity of luxury German marque to compete with Merc and BMW.. Yes. Like Audi today, Porsche can also continue its independent development under the aegis of Volkswagen and preserve its own identity. Link to post Share on other sites More sharing options...
4rings Clutched July 6, 2012 Share July 6, 2012 Vw Does Not Only Want To Be Europe's Largest But To Become The World's Number 1! Link to post Share on other sites More sharing options...
Joseph22 Turbocharged July 6, 2012 Share July 6, 2012 Come to think of it.. Audi is also under the VW group.. but it has retained it's own identity of luxury German marque to compete with Merc and BMW.. lambo and bently got VW part bin under it or not?? Link to post Share on other sites More sharing options...
1fast1 Supersonic July 6, 2012 Share July 6, 2012 Hopefully the current Porsche models will continue without "dilution" from VW. It maybe ok to allow VW lineup benefit from transfer of technology from Porsche, but the reverse flow from VW to Porsche will be unlikely to benefit Porsche as what it has now, eg prestige, technology, etc are far more superior than what VW has. Btw, after BMW acquired RR, the latter doesn't seem to suffer any form of desecration. Hopefully it will be the same in the case of Porsche. The best example of a historic marque remaining unmolested despite a takeover is Ferrari. Fiat owns them, but Ferrari is left to go its own way, and continue to make magnificent, impractical automotive art that can go really fast. The VW/Porsche "partnership" already has a bad history. The Cayenne, which many, if not most Porsche purists consider to be a sellout is a crossover model built on the same platform as the VW Touareg. Now that VW completely owns Porsche's ass, the future looks bleak indeed. Link to post Share on other sites More sharing options...
1fast1 Supersonic July 6, 2012 Share July 6, 2012 Wow... come next year, VW Passat & Beetle installed with Porsche 928 engine... Come next year (if I wait that long), I might have to sell my Porsche because of this. Link to post Share on other sites More sharing options...
KARTer 2nd Gear July 6, 2012 Share July 6, 2012 The best example of a historic marque remaining unmolested despite a takeover is Ferrari. Fiat owns them, but Ferrari is left to go its own way, and continue to make magnificent, impractical automotive art that can go really fast. The VW/Porsche "partnership" already has a bad history. The Cayenne, which many, if not most Porsche purists consider to be a sellout is a crossover model built on the same platform as the VW Touareg. Now that VW completely owns Porsche's ass, the future looks bleak indeed. Yes, the Touareg / Cayenne is a bad "marriage" It will be worse if existing Porsche models are subject to the same. Cayenne was created with Touarge DNA, not as bad as potential substitute of Porsche DNA with lesser one. ↡ Advertisement Link to post Share on other sites More sharing options...
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