Porsche and VW might topple Toyota
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Pole Position
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Porsche and VW might topple Toyota
http://www.motorauthority.com/news/i...-rival-toyota/
This deal could have what it takes to topple Toyota, i wonder if it will...
This deal could have what it takes to topple Toyota, i wonder if it will...
G35x - RWD/AWD goodness
Joined: Jul 2001
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From: Michigan
Porsche shareholders approved plans recently for the creation of a new holding company that would combine Volkswagen and truck manufacturers MAN and Scania to form a global powerhouse to rival industry leader Toyota. Porsche under the guidance of CEO Wendelin Wiedeking will be in charge of the new entity because of its controlling stake in VW, and when combined revenues would top those of GM and Ford but won’t surpass Toyota.
MAN is already in talks with Scania and VW Commercial Vehicles over a proposed merger, so it’s not difficult to see the groups join with the carmaking divisions. Wiedeking still sees significant improvement for VW, commenting that the car giant is still not in the same league as Toyota and GM, telling Automotive News reporters that “its cost structures aren’t right yet.”
Porsche’s 31% stake in VW means that Wiedeking will direct the new holding company, and is reported to be currently in talks with VW boss Martin Winterkorn over the development of more joint-projects including hybrid technology and electrical systems.
MAN is already in talks with Scania and VW Commercial Vehicles over a proposed merger, so it’s not difficult to see the groups join with the carmaking divisions. Wiedeking still sees significant improvement for VW, commenting that the car giant is still not in the same league as Toyota and GM, telling Automotive News reporters that “its cost structures aren’t right yet.”
Porsche’s 31% stake in VW means that Wiedeking will direct the new holding company, and is reported to be currently in talks with VW boss Martin Winterkorn over the development of more joint-projects including hybrid technology and electrical systems.
Lexus Fanatic
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From: Virginia/D.C. suburbs
Bigger is not always better. Ford, just recently, announced that it is forsaking corporate hugeness (and selling off some of its European divisions) to focus more on vehicle quality.....and it seems to be working. Ford's overall vehicle quality is substantially exceeding that of other U.S. nameplates. Consumer Reports even admits that.
The tendency for the auto industry, in recent years, to be centered more and more in huge mega-corporations has been disturbing, and it is about time to start reversing directions a little. Saab is a good example....when GM took over and Americanized the Swedish-designed Saabs, the company lost much of its former customer base. Even the 9-2X, which was a rebadged Subaru Impreza (a very solid and reliable car), had little appeal, and was dropped.
Porsche and VW have always been loosely associated with each other anyway. Porsche sports cars were originally developed from rear-engined VW's, and the VW Touraeg and Porsche Cayenne were jointly developed from the same platform (as was the later Audi Q7). A formal deal like this will only make the long-obvious union more official.
The tendency for the auto industry, in recent years, to be centered more and more in huge mega-corporations has been disturbing, and it is about time to start reversing directions a little. Saab is a good example....when GM took over and Americanized the Swedish-designed Saabs, the company lost much of its former customer base. Even the 9-2X, which was a rebadged Subaru Impreza (a very solid and reliable car), had little appeal, and was dropped.
Porsche and VW have always been loosely associated with each other anyway. Porsche sports cars were originally developed from rear-engined VW's, and the VW Touraeg and Porsche Cayenne were jointly developed from the same platform (as was the later Audi Q7). A formal deal like this will only make the long-obvious union more official.
Last edited by mmarshall; Jul 9, 2007 at 05:40 AM.
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