Porsche expects its fast-paced growth to stagnate for the next two years as the market patiently awaits its 2009 Panamera four-door, and as demand for the Cayenne SUV continues to slow. “It will not be possible to keep the company’s profits at this high level,” CEO Wendelin Wiedeking told Bloomberg. “In all likelihood, we will show the same operative result as in the previous year. But a quantum leap of the kind we saw last year will not repeat itself.”
Meanwhile, Wiedeking stressed Porsche was in “no hurry” to increase its stake in Volkswagen or acquire the company as a whole. There are no plans at the moment to completely takeover Volkswagen, Wiedeking said.
Wiedeking also shot down rumors about Porsche, Audi, Bentley, Lamborghini, and Bugatti forming a premium automotive subsidiary outside of Volkswagen. “Audi lives within the total system of Volkswagen and bringing it our of there wouldn’t make sense,” he said.
12/06, 11:44 AM
posted by:
Andre Neves
Right now Porsche has too much to think about other than obtaining VW. The 2008 Model face lift of the Cayenne, The All-new 2009 model year Cayenne, the GT2, the Panamera, the successor to the Carrera GT(GT1?), Porsche RS Spyder, and theres a big rumour of them getting back to F1 racing which would be really awesome. Alot of good things to come for such a wonderful company. Im looking foward to the next couple years with Porsche.
12/06, 12:09 PM
posted by:
Stuart
If the rumours of selling Seat are true then why not just sell the company to dodge and rebadge them (the way Chevrolet done with Daewoo) as Dodge for Europe and Seat for Spain Only. This would also allow Dodge to offer a small car in the A,B segment in America.
12/06, 12:39 PM
posted by:
Scott Kempton
Stuart—you may have something there.
12/06, 1:33 PM
posted by:
megator
stuart all seats are based on volkswagen products, if vw sold seat to dodge then they would basicly be giving them copies of their most recent vehicles. Also the name seat has much more standing in europe than dodge, so it would be better to keep them as seats. Dodge was recently reintroduced to holland officaly with the caliber and it has been a huge flop. they had masive advertising campaines and i have yet to see one on the road. seat is pretty sucseful because they sell cheaper sporty versions of volkswagen products. if they fell into the hands of dodge they would just flop.
12/06, 4:13 PM
posted by:
Stuart
Seat is not exactly the biggest success thats why Volkswagen is looking to sell. In the UK you never see a Seat, Maybe once in every 200 cars about the same as a Dodge.
Plus at point Volkswagen was willing to supply Dodge with platforms for the Hornet but apparently Dodge was not willing to pay the amount as they thought it was too expensive. Volkwagen wouldn’t mind Dodge using their platforms as it is probably the only way to get rid of Seat otherwise who would buy it?
12/06, 6:05 PM
posted by:
megator
so stuart ur in the UK? im in the Uk as well i have only been living here since the end of september i started uni u see. I still havent seen any dodges though. I must say seats are really popular in spain and they in holland they are realtivly popular. but ever since the new leon and all thoose redicioulusly designed cars they have been on a major land slide.
12/06, 7:24 PM
posted by:
A4
good thing they realized that audi should not be separated from VW
12/06, 8:03 PM
posted by:
Veda
Everything from the plastic in an Audi feels like VW. They’re basically upgraded VW’s. It’s impossible to separate them both. In regard to Porsche taking over those brands, I think it could be a good thing as they’ll probably increase the reliability of those brands.
12/06, 8:56 PM
posted by:
norby413
Veda,
more like VW’s are downgraded Audis. Not sure if you were complimenting or criticizing Audi, but in the car industry, Audi’s interiors are considered the target for everyone else. NOBODY does it better.