On Wednesday, Porsche won its long-lasting battle to acquire a controlling stake in Volkswagen, the world’s fourth-largest automaker. The last attempt to purchase shares that would bring its total VW ownership to more than 50 percent saw a technical difficulty, but yesterday’s European Comission approval means that plan is now back on track.
“The Commission’s examination of the transaction showed that horizontal overlaps between Volkswagen and Porsche are limited,” the EU statement read. “For all car segments concerned, Porsche will continue to face several strong, effective competitors with significant market shares.”
Still, Porsche has to deal with the German state of Lower Saxony, which, after getting its VW Law struck down, is maintaining a veto power, or blocking minority, in all decisions having to do with VW’s future, despite holding just over 20 percent of the automaker. Porsche is fighting the new law, which is in draft stages, as it intends to take over operations of the ‘People’s’ brand.



07/24, 11:52 AM
posted by:
howsmydriving
I’m looking forward to a FWD, rear-engined boutique car with spotty reliability and expensive after-market parts.
07/24, 11:54 AM
posted by:
xyunya
One would think that nice dressed and polished gentleman in boardroom would have more acumen then a punk on a street, but no. The common sense would not allow me to buy a company or invest a huge amount of money into company and have no actual control over corporate decisions. Now instead of building cars, Porsche is financing new legislations. Next thing you know, they’ll be owned by Tata themselves.
07/24, 12:07 PM
posted by:
RaineMan
This is a great move for Porsche… and I don’t see it hurting VW/Audi any either.
07/24, 12:09 PM
posted by:
johnnycanuck
Does it hurt when you get kicked in your Lower Saxony?
07/24, 12:35 PM
posted by:
stick2clutch
@ xyunya… not a chance!
07/24, 1:36 PM
posted by:
enthusiast89
this means no more R8, no boxter fighter from audi, nothing to compete with their new parent brand…i wonder what they’ll do with lamborghini…
07/24, 1:49 PM
posted by:
jumpoffit
Porsche will probably do what Daimler did to Chrysler
07/24, 1:52 PM
posted by:
macabre
I’m actually excited about this. Seems like lately VW has been moving in the direction of Toyota with bloated boring transportation. Perhaps this union with will start to shift the brand back to the “Dirvers Wanted” mentality. Porsche quality and reliability are top notch. Hopefully this will rub off on VW as well. I think the VW Audi merger was a great move and hopefully this one will be just as fruitful.
07/24, 2:23 PM
posted by:
xkr
So long R8,Lambo,Bugatti, and anything competing with Porsche interest.
07/24, 2:37 PM
posted by:
anderson_b76
Fact: Porsche makes some of the finest quality cars around. Their reliability is second to none. Little does everyone know, but JD Powers rated Porsche the most reliable car a year ago or two…and yes, that is beating out Toyota and Honda. VW/Audi, who have one of the worst reliability track records, stand enough to gain on this point alone. Not to mention Porsche builds some of the best engines in the world. Bugatti will not be touched and Lambo will not be messed with either; both are outside of Porsche’s target market. However, the Audi R8 may dissapear as this directly competes with Porsche. However, most people agree that while the R8 is definately unique in styling, something Porsche is not known for, it doesn’t outperform equivilent priced 911s. A true “driver” wouldn’t take an R8 over a Porsche so maybe the will leave the R8 alone. The TT also is at risk, but the only TT that can keep up with the Boxster is the TT-RS. All in all I think this a HUGE benefit to Lambo, Bugatti, Audi, VW and Porsche. Imaging the dealer networks they will share alone.
And BTW, Porsche will not do what Dailer did to Chrysler. Chrysler makes a **** product to begin with coupled with a bunch of arrogant Americans running the company. Look at Ford, GM, etc. American’s can’t run car companies for multiple external and internal reasons. Porsche on the other hand is one of the most profitable car companies in the world.
07/24, 3:36 PM
posted by:
roger426
This would suck for VW they can already share parts and platforms…wich has been a good thing, but porsche ownership would be bad news for VW, Audi, Lambo, especially Audi, and Lambo…I hope lower saxony wins the battle!!…Audi has been on a roll, this would stop that.
07/24, 3:38 PM
posted by:
roger426
P.S. Volkswagan group does not need help from anyone.
07/24, 4:07 PM
posted by:
Stinky007
anderson_b76 is right!
Think economically people: Porsche has no interest in killing Bugatti, Lambo, etc! They want to SELL as many cars as possible, and to sell, they need a broad audience, something Porsche alone cannot reach. It’s cheaper to build more cars on the same plaform for example, than to brainwash everybody with advertisement that there is only Porsche!!! People like choice, remember? Why is everybody getting so jumpy about takeovers? Some of you think the TT will get the brick so not to compete with the Boxster. That’s not true, I remember Porsche even had plans to share the next-gen Boxster platform with Audi, to build a R4…
@roger426: Of course they need some help. They need to learn to make 4 cylinder TDIs that don’t require a turbine change every 40k miles, they need to understand the importance of a design center, a place where real designers conceive cars that look like it took more than 2 minutes to draw on paper. They need to stop making stupid commercials. Also, Audi needs to learn that making cars is about making cars, not investing huge amounts of money into promoting their cars in Hollywood movies. Some of you might noticed that most of the recent Hollywood movies, except James Bond maybe, always seem to have A LOD of Audi’s in them, especially the main character’s car…
Anyway, your P.S. makes no sense, as in your previous post you mention hoping for Lower Saxony to win the case in court. That means they DO need help!
07/24, 5:21 PM
posted by:
xyunya
Maybe anderson_b76 is right, but he is sure sounds like something that crawled from under the rock of Third Reich. We see how greatly Germans run their companies: VW is prime example. Few more years and they will join Ford and GM on bankruptcy line. I would not toss rocks out of German house.
07/25, 12:51 AM
posted by:
anderson_b76
Xyunya-You really have no idea what you are talking about. You make comments like “next thing you know, they’ll be owend by Tata” or “few more years and they will join Ford and GM on bankruptcy line.” What you fail to realize is Porsche is one of the top 3 most profitable car companies in the world if not the #1 most profitable. They have a recipe for success for years…I can garuntee they aren’t going bunkrupt or getting bought by Tata.
07/28, 4:40 PM
posted by:
VWInformant
It should be interesting to see how Porsche influences the VW line. How about some RWD cars for once…. Huh Porsche?! Come on, you know you wanna.
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