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Porsche likely to buy VW this month

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Old 10-17-07 | 09:21 PM
  #31  
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Originally Posted by Incendiary
So he'll be right-side up now?
hahahah

right-side up he will
Old 10-29-07 | 03:54 PM
  #32  
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Default Despite Rumors, Porsche Says It Plans No Restructure of VW

Despite Rumors, Porsche Says It Plans No Restructure of VW


Washington DC October 29, 2007; The AIADA newsletter reported that luxury sports car maker Porsche AG says it isn't planning to restructure Volkswagen AG if it acquires a majority stake in VW.

According to a Dow Jones Newswires report, a Porsche spokesperson refuted an article in German magazine Wirtschaftswoche over the weekend, calling it "made up." The article said Volkswagen could be restructured so that all brands would become independent units under the umbrella of Porsche's Holding, citing people familiar with Volkswagen and Porsche.

Volkswagen expects more speculation in the coming weeks and will thus not start commenting on every rumor separately, a Volkswagen spokesman said Monday.
via theautochannel
Old 10-29-07 | 07:49 PM
  #33  
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If Porsche puts its mgt style and ability at VW, then the "beat Toyota" drums will indeed get louder.
Old 10-29-07 | 08:12 PM
  #34  
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Good luck to Volkswagen. I wish them well in their efforts to beat Toyota...
Old 10-30-07 | 08:34 AM
  #35  
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Default Porsche not planning to break up VW

Porsche not planning to break up VW

Posted on Tuesday 30 October 2007
With the eradication last week of the unfair ‘VW Law,’ which prohibited any entity from holding more than 20% of the voting rights in VW, no matter how much stock they held, the road is now paved for Porsche to increase its holding from the current 31% to a percentage that would give it almost full control of one of the world’s biggest carmakers. There are fears that if Porsche does get control of VW Group it will attempt to break up the factions into separate companies and possibly sell-off some of the low performers.

One company many fear could be dropped is Bugatti, which Porsche CEO Wendeling Wiedeking hinted at in his earlier comment of “no time for toys.” Bugatti is far from being profitable and there are no plans for the development of new models.

A spokesman for Porsche has told Reuters that such claims are “absolute rubbish,” and that the original rumors were the “thinking of hedge funds, not of Porsche.”

VW’s unions are also wary of Porsche taking control. Porsche is only a fraction of the size of VW but with more control it would get an equal number of representatives, if not more, on VW’s board. The issue has caused a rift between VW’s Works Council and Porsche management.

Both parties will be meeting this week to settle their differences.
via motorauthority
Old 10-30-07 | 08:43 AM
  #36  
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I wish I could sit in on that meeting. I'm sure it'll be a really pleasant one.
Old 10-30-07 | 06:25 PM
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Originally Posted by layla17
I wish I could sit in on that meeting. I'm sure it'll be a really pleasant one.
Exactly, can everyone say "hostile takeover"...
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