VW considers move for Porsche
The Financial Times reports that Volkswagen is considering an audacious bid for Porsche’s automotive business, in another extraordinary twist in the corporate saga surrounding Germany’s most famous car dynasty. That would turn upside down Porsche’s takeover of Volkswagen, which started more than three years ago.
Volkswagen is Europe’s largest car company with a turnover 15 times as great than Porsche’s.
The move would allow Ferdinand Piech, grandson of Ferdinand Porsche, the founder who designed the Volkswagen Beetle, to integrate the sports carmaker into Volkswagen as its 10th marque and thus finalise his task of reuniting his family heritage.
The Porsche and Piech families jointly own Porsche SE, the Porsche holding company, as well as 50.76 per cent of Volkswagen’s shares.
The potential acquisition of Porsche by Volkswagen is viewed as one solution to helping the sports car manufacturer overcome its €9 billion debt mountain. Full story…
Get a CAP Used Car Valuation for just £3.50 - What The Professionals Use
The Motor Trade Insider Guide To Buying New Cars
- The Gulf state of Qatar will buy 10% of the shares held by family investors in Porsche, the German carmaker [...]...
- German luxury car maker Porsche has said chief executive Wendelin Wiedeking and financial director Holger Haerter have resigned “with immediate [...]...
- Porsche’s controlling families will agree on Thursday to accept an offer by Volkswagen to buy its sports car business Porsche [...]...
- It looks like the auto industry’s biggest soap opera is almost over. German carmaker Volkswagen is on the verge of [...]...
- German Press agency DPA reports that Porsche has turned down an offer from Volkswagen to help the cash-strapped sports car [...]...
- The family owners of Porsche have pushed to restart stalled merger talks with Volkswagen. The move came as thousands of [...]...










![Validate my RSS feed [Valid RSS]](http://www.motor-trade-insider.com/images/valid-rss.png)






Recent Comments