Porsche and VW

Porsche already has 42.6% of Volkswagen

Porsche has just been done with 42.6% of Volkswagen, according to the latest news appeared in The Detroit News. With the clear aim of reaching a market share of at least 50% by the end of November, the mark of Stuttgart has begun to expand its package shareholder in Volkswagen. As announced in its latest communique to the media, the intent of the manufacturer of 911 is reached to control 75% of Volkswagen in 2009.

Tags: Porsche, Volkswagen, Volkswagen

Porsche receives approval from Germany to buy more shares in Volkswagen

The German competition authority (Bundeskartellamt) has approved the request for Porsche to increase its involvement in Volkswagen to 25.1 percent, four points above its current 21.3 percent.

This purchase of shares in Porsche would make a member with veto power at Volkswagen, protecting it from a hostile takeover bid and ensuring the stability of its largest supplier of parts. Volkswagen provides components for nearly a third of the cars built by Porsche, including the Cayenne and the upcoming Panamera.

The maneuver can be considered a "preemptive strike" on the part of the house of Stuttgart. Volkswagen had previously been protected from attempts to purchase the so-called "Volkswagen law", thanks to which no shareholder could have more than 20 percent of the vote even taking a greater share in the manufacturer. The European Union is not at all happy with this legislation protectionism, and the fear that another company can be so aggressive with Volkswagen, Porsche has been roll up to defend his sister from potential buyers.

Porsche wants a closer relationship with Volkswagen

Porsche is now the largest shareholder in Volkswagen, according to Automotive News, apparently the brand hopes to take advantage of this privileged position.

The Porsche chief Wendelin Wiedeking is looking to cooperate more closely on a number of areas, including technology for hybrid engines and electronic parts. Wiedeking expects the electronics representing up to 35% of the cost of a vehicle in the near future, so the savings in using modules in common with Volkswagen could be very significant in monetary terms.

One obvious area of cooperation is that Porsche makes use of excess production capacity of Volkswagen. In fact, Volkswagen already produces wagons for the Porsche Cayenne and is expected to do the same with the new Panamera model.

Porsche takes the helm of Volkswagen

Porsche has returned to raise their share in Volkswagen, now from 30% to a solid 35.14%. This share purchase gives Porsche, or more specifically its owning company, Porsche Automobil Holding SE, the de facto control of the German manufacturer. In a press release issued today, Porsche says that "as a result of this acquisition, Volkswagen ... has become a subsidiary of Porsche Automobil Holding SE." In accordance with German law, Porsche has also made a purchase offer for Audi at the minimum price per share, 487 euros. Although Porsche said it has no intention of separating from the rest of the group Audi, Volkswagen is very difficult to accept the proposal.

The news today is just one more step toward the inevitable 51% that Porsche has been proposed, a goal that every day starts to seem more forthcoming. The struggle between Wolfgang Porsche and his cousin Ferdinand Piëch has not ended, and is expected bloody. The government of Lower Saxony trembles to think what might happen if Porsche optimized production processes of the method Volkswagen butcher, and obviously the unions are also not in favor of the aggressive flirtations of the maker of sports. And that without that Porsche apparently hates all VAG product that may overlap with its own catalog. The drama is served.

Tags: Audi, Ferdinand Piëch, FerdinandPiech, Porsche, Volkswagen, Wolfgang Porsche, WolfgangPorsche

Porsche increases its share in Volkswagen

One miscalculation and not the palace intrigues has been the cause of that Porsche has postponed making Volkswagen at the last minute. The European Commission requires that a company becomes a major shareholder before seeking formal approval, and that Porsche, neither short nor lazy, has decided to raise its share in Volkswagen from 30.6 to 35.5 percent.

Now only the problem ahead of the Volkswagen Law 2.0. The state of Lower Saxony, home of Volkswagen and home to 150,000 of its employees, is resisting tooth and nail to the entry of Porsche, so to avoid the loss of the manufacturer has bought 500,000 additional shares that allow it to continue to maintain its position strength.

The EC, meanwhile, has already said that Lower Saxony can not rely on the Volkswagen Law, Porsche so it is like the fox in the henhouse door; Brussels as soon as permits their maneuver, will have a free hand to do and to undo its taste. Then, we'll see what happens with Bugatti and Lamborghini.

Tags: action, Lower Saxony, BajaSajonia, Volkswagen Law, LeyVolkswagen, Porsche, VAG, Volkswagen

Rumor of the Day: Porsche is preparing its own Golf

Are we crazy or what? Because one thing is that Porsche and Volkswagen platform as the dog and the cat, and quite another to the people of Stuttgart is willing to dilute their brand so with their own version of the Golf. Nor would make him any grace to Audi, we assume.

This idea is something intragable Auto Bild, said that knowing good ink on the development of a super smash it with anything that BMW could get ahead. If some information, we should see it become reality back in 2012. From here I think we're going to take a skeptical stance on the matter, but if you're curious, you see a couple of touches very speculative clicking on the cut on the right.

Tags: compact, golf, porsche, rumor

Porsche will launch a takeover bid on Volkswagen

Porsche, not content with expanding its involvement in Volkswagen for months to become the first shareholder in Volkswagen, will launch a takeover bid after taking 31% of the manufacturer. The Porsche will offer 100.92 euros per share, the legal minimum, and did not seem to have a great internal opposition seeing as the president of Volkswagen, Martin Winterkorn, said that "a stable shareholder structure is very important for the automotive business in the long term. "

German law requires to launch a takeover bid for the entire company when its participation in another exceeds 30% of the voting capital. Porsche, meanwhile, has exercised its option to take an optional 3.7% in Volkswagen, passing well to take 31% of the manufacturer. One of the reasons given by Porsche to take the plunge is the growing competition from the Japanese, Russians, Chinese and Malays, who represent a growing threat to Volkswagen in the various markets in the world (because there is not only Europe and America) . ABC drew on his part that the amount of the shares in Volkswagen, Porsche and the German state of Lower Saxony will put the company into a state of "closure" which will make it impossible for another company can take control of the manufacturer.