According to the European Commission, Porsche is fighting the controversial ‘VW Law’ in its long-standing attempts to acquire controlling interest in Volkswagen. At the end of May, the court ruled in favor of VW, blocking Porsche from buying VW.
This gives context to comments made by the sports car makers CEO, Wendelin Wiedeking, since then, regarding having talks with VW once controlling interest is gained.
As a result of the re-filing with Brussels’ competition regulators, the deadline for the EU executive’s competition review of the deal has been moved back to July 23 from today, as per the Automotive News.
Back in March, Porsche’s board authorized the purchase of a majority stake of Germany’s biggest automaker that would total the equivalent of about $15.5 billion.



06/18, 9:59 AM
posted by:
mayer_ray_nagin
I freakin hate the EU. Ireland voted down their latest bull$hit and the attitude of the Brusselcrats is “well we will just implement what we want anyway.”
Europeans screwed the pooch when they relinquished sovereignty to these power-happy jackasses.
06/18, 10:13 AM
posted by:
xyunya
Lower Saxony law is definitely against EU rules. I hope that EU can muzzle German (and French) domination of EU. Those two don’t live by the rules they impose on smaller members. If Porsche would reside in other country EU would have no choice, but it is really German internal squabble and EU may not get involved in it. If FIAT or Renault would try to buy WV, EU would have no choice.
As far as EU drawback or benefit: it is a two edged sword. It did create more disparity for lower income but also raised opportunity. In another words, it is a copy of what US envisioned to be: it gives opportunity to those who have desire and talent, for those who want to continue welfare existence it is probably not the best thing.
06/18, 10:22 AM
posted by:
Need4SSpeed
I say Porsche just needs to do it the old fashion way and storm down the gates of VW’s headquarters and invade them, just like NAZI Germany did to Poland… and all the other countries back in WWII, I’m sure they can find plenty of German mercenaries to do the job… The British did in the American Revolutionary War, but it didn’t help… And well they tried to in the Second Die Hard film and that didn’t work either… Oh well it was a suggestion…
06/18, 10:25 AM
posted by:
NoNameDenton1
They are persistent I give them that much.
06/18, 10:50 AM
posted by:
kitko
EU – sure, controversial, but as xyunya says, “it is a copy of what US envisioned to be” – but they never quite managed to achieve, one may add.
Let’s have look at the EU.
I don’t need a passport to travel accross the EU, there are no border controls inside the EU, I don’t have to get a new/local driving licence anytime I move to another country, in most cases, I can work and live where-ever I wish, my car is always conforming, I don’t have to pay custom and other cross border duties for shopping around and my warranty will be always honoured. My medical insurance is valid in any EU country by default. Manufacturers need to obtain only one certficate/licence for 27 countries instead of 27 of them. If I happen to be in a country where my government doesn’t have an embassy, I can ask for help on any of the remaining 26 embassies.
What’s more, toilets in Britain are finally begin to flush properly as more advanced “European” design is gaining popularity on the Islands, mixing water taps are finally replacing ancient Victorian design with two separate outlets for hot and cold water, I can go shopping to London and pay 40 dollars for a return air ticket and, for the same amount, Britons can get cheap boobs and booze (order is reversible) in Central Europe.
06/18, 11:13 AM
posted by:
928dreamer
I think Porsche will be very persistant and agressive in buying out VW. It needs to to survive the new CAFE standards. Without VWs MPG freindly cars Porsche will have to seriously improve fuel economy on all of its cars. Which will to a certain extent limit their power and competativeness.
I hate to say it but this puts the big companies that have econo cars as part of their lineup at a huge advantage as it allows them to produce the bohemoth monster engine sports cars. Sports cars and SUVs are all Porsche makes now and thier fleet average for fuel efficiency is not that great. I do not want to see a Porsche Prius.
06/18, 11:30 AM
posted by:
shaver
The corporate average is BS. Why someone in a Porsche should be pooled with people in enviro responible cars for the benefit of the irresponsible. If we this about making people responsible for their footprint, then this is just a scharade.
06/18, 11:33 AM
posted by:
TOZO
Hell yeah! Don’t give up on the kill, Porsche! Screw “VW law” and the backwards government regulators! Viva Porsche!
06/18, 11:39 AM
posted by:
johnnycanuck
If Porsche ever makes a hybrid like the Prius they should call it the Hymen because once that’s out of the way pretty much every dick will be driving a Porsche.
06/18, 11:46 AM
posted by:
jayjc08
928dreamer- They’ll pay the price. I don’t think Porsche plans on downsizing their lineup, they’d rather pay the fees. Change will come gradually.
kitko- And so you think the EU, a program with a budget of nearly 200 billion U.S. dollars where only 1% of their funds go to all that you just mentioned (border control and smooth cohesion of policies, securities, “justice”), is necessary?
And that 1% was meant to be taken literal. Just take a quick glance at the revised budget, but hey, it’s not my money. I wonder when Dalia Grybauskaite says “you matter to her”, if she means your opinion to her dicking around the bush, or your chump change.
06/18, 12:10 PM
posted by:
NoNameDenton1
The Germans do need to get rid of the VW Law but it needs to be done by the German parliment not the EU.
06/18, 1:37 PM
posted by:
brassmonkey
^^ lol johnny. It should be spelled “hyman” (HYbrid + cayMAN)
06/18, 1:57 PM
posted by:
johnnycanuck
We should print this post, brassmonkey. If they ever use it we can sue them for copyright infringement.
06/18, 2:16 PM
posted by:
kitko
jayjc08
I’d like to see the statistics you “quote”.
BTW, EU is not a program. Second, I listed the areas that matter for me and some others that are beneficial for other demographic groups. These regulations made my life easier and subsequently cheaper.
I don’t care if the bananas or cucumbers are curved or straight (a popular Euromyth based on British tabloid distorted version of real EU legislation on import quality regulations). But I appreciate that the flushing works and I don’t get my hands burned by hot water while in Britain – sure, EU has nothing to do with that. It just created the environment, better design won. That’s better for individuals and businesses and supports innovation. That is why rappers, supermodels, tennis players and national governments are ditching dollar reserves and/or dollar stuffed suitcases and replacing them with Euro.
06/18, 2:21 PM
posted by:
Stridder44
I don’t understand how this could be bad. As a VW lover, their quality control has really been sucking lately. They NEED Porsche to get things back together, and quit making ****ty minivans, and not bringing awesome cars like the Scirocco to the US, etc.
06/18, 2:32 PM
posted by:
NoNameDenton1
The Scirocco is not coming here because it would be too expensive for most people to buy because of the weak US dollar and the fact that VW also said that we got the R32.
06/18, 4:27 PM
posted by:
xyunya
jayjc08, I observed over 8 years that (and my point of view is strictly of a foreigner) that standard of living went up in Italy, Spain, Greece, but not for everybody. Since joining EU a lot of people in lower brackets of those countries got really screwed: their actual income got much smaller and they have problems having ends meet. On another hand take a look at Madrid, Barca, Milan, Athens – those cities really prospered and people living in those people prospered with them. Eight years ago I would rarely see luxury car in Madrid as oppose to London, now you see Lexus LS quite often. Every coin has 2 sides.
06/18, 4:44 PM
posted by:
A4
they just want it to get out of CAFE fines and to **** over every competing model.
06/18, 10:26 PM
posted by:
jayjc08
kitko- I wasn’t criticizing your second statement. I had a laugh at that.
http://ec.europa.eu/budget/budget_glance/index_en.htm
1.1% is spent on border security, keeping existing policies coherent with each other and “justice”, a very general label that the EU seems to enjoy using. I’m not saying the EU is bad; neither am I saying theres anything wrong with any countries in the union, that’s up to you to come to. What I am saying is the EU isn’t necessary with the enormous budget they currently have. I see it as ridiculous spending on change that could be made with the passing of a pen. The steps that have to be taken to even implement a program in the EU is ridiculous; approved at local level, state level, then at the EU, scheduled, reviewed. I wouldn’t doubt it if most of those fees were just from dicking around. Even more programs in both the European Union, and Euro countries themselves have no backing by the people of Europe in the first place. Since we’re on a car website, just look at the London congestion charge, currently it has an extremely low approval rate, not even to mention the low turn-out rate. I’m curious why the London Congestion Charge is bragging about some of the highest amounts of turn-out this year when the core goal was to reduce traffic.
06/19, 6:10 AM
posted by:
sharpie
A little off topic, but that Porsche in the picture is what the new NSX should look like!