Comments on: Porsche to take over Volkswagen; acquiring majority stake

By: deutschetouring1337

deutschetouring1337 — Wed, 05 Mar 2008 02:24:29 +0000

Companies behind Porsche:ABN Amro, Barclays Capital, Merrill Lynch, Commerzbank and UBS.

Look up which ones are being hit with the SP-Mort debacle which is far from over.

By: Scarface03

Scarface03 — Tue, 04 Mar 2008 18:38:35 +0000

stick2clutch,
What do you do for Porsche? Are you Porsche N.A.? in Germany?

I think your analysis is right on. Porsche for a long time has been all about doing the right things in the automotive world.

By: stick2clutch

stick2clutch — Tue, 04 Mar 2008 13:26:12 +0000

As a Porsche employee I can say a few things. Porsche is making a lot more money from activities other than selling cars. And yes the Cayenne was what catapulted it. But Porsche earned a lot from the 31 percent stake it holds on VW at the time. But the bulk of the money (3.59 Billion Euros (Pre-tax)) came from derivative trading. Even more than from selling cars. Porsche is a sleeping giant. Trust me when I say this.

In short, Dr Wiedeking has expressed he plans to go head to head with Toyota. VW is his weapon.

As for this deal. Yeah baby!! Go employee pricing!

By: SRT-4Ken

SRT-4Ken — Tue, 04 Mar 2008 12:09:08 +0000

==========>>@400horseSS: i wouldn’t want my boxter looking like anything else on the road but a porsche….DUHHH

By: SRT-4Ken

SRT-4Ken — Tue, 04 Mar 2008 12:08:03 +0000

================>>@ 400horseSS: becuause all porsche’s cars are porsches!! DUUHHH its a classic look that works. y would they make one car *resemble* the 911 and the cayenne resemble a honda? DUUHH

By: Siggistef

Siggistef — Tue, 04 Mar 2008 10:14:12 +0000

@ 400horseSS, simply because it works. It is a classic look which is still popular today. Why change something that has worked so well for them the past years?

By: AxeHead

AxeHead — Tue, 04 Mar 2008 03:18:42 +0000

Ever since Tom Cruise said “Porsche, there is no subtitute” in Risky Business they’ve been successful.

By: 400horseSS

400horseSS — Tue, 04 Mar 2008 01:47:19 +0000

Well excuuuuuuuse me Sigistef, the ? should’ve been why do their cars, trucks look the same.

By: Siggistef

Siggistef — Tue, 04 Mar 2008 01:05:06 +0000

@RLC. No it is not because of the Cayenne. It is because Porsche doesn’t have any smaller vehicles to level it out. With the new laws car can still go over 130 g/km but they have to have lower emmission vehicles to level them out. Porsche has never really been bothered to research emmission and fuel saving technology but since the laws are valid for any car maker with over 10.000 yearly sales (Porsches was 39.064) they have to comply.

@400horseSS. To answer your question. Yes, anyone who knows anything about Porsche can spot the difference, which obviously rules you out.

By: 400horseSS

400horseSS — Mon, 03 Mar 2008 23:56:13 +0000

The only problem i see is Porsche having to pick out 1 front end to put on all VW’s, seriously can anybody tell the difference between Porches.

By: RLC

RLC — Mon, 03 Mar 2008 22:00:26 +0000

Wait, so that ridiculous Cayenne is forcing Porsche to buy Volkswagen in order to improve corporate fuel economy? Out of the frying pan and into the fire, if you ask me.

By: audi-lover

audi-lover — Mon, 03 Mar 2008 21:09:06 +0000

since when does one car company invest in another?

By: MikeFX

MikeFX — Mon, 03 Mar 2008 18:46:26 +0000

You can all thank the Cayenne for this transaction.

By: Scarface03

Scarface03 — Mon, 03 Mar 2008 18:44:49 +0000

C6Racer: Porsche has long been a significant shareholder in VW stock, but a law in the state where VW was incorporated prevented any stockholder from having more than 20% voting rights, regardless of the shares they owned. Porsche has been holding back on acquiring more until they could get that law stricken. If memory serves, the German courts have stricken that law.

So Porsche is in the the clear to acquire VW. Siggistef is right in that Porsche’s acquisition of VW has many business motives. Emissions and CAFE laws are big.

Also, I see the tech transfer to mostly benefit Porsche in the near-term. Porsche has had problems with its dual clutch transmission, for example, but VW has its dual-clutch on the market for a while now (imagine a Veyron transmission in a 911 Turbo).

Neither are real leaders in hybrid tech, so that’ll be interesting.

I don’t see the merger as being the end of the R8, it’s just the beginning of the possiblities. Audi’s R4 in the pipeline will likely share chassis and bits with the Boxster. The key will be to make the models different–the Cayenne/Touareg success is an example. Once they do that, costs will just be saved.

Motorsports will be interesting. I know that Porsche and Audi have a quite the rivalry in the Le Mans series, even though their prototypes compete in different classes.

By: Stridder44

Stridder44 — Mon, 03 Mar 2008 18:42:54 +0000

I don’t see how this could be bad, so…good to hear!

By: SwerveEarly

SwerveEarly — Mon, 03 Mar 2008 18:39:59 +0000

Air cooled is back.

By: C6Racer

C6Racer — Mon, 03 Mar 2008 17:09:00 +0000

I always thought VW partially owned Porsche because of the Cayenne sharing platforms with the Touareg and Q7. Well, I guess I thought wrong.

By: Rotman

Rotman — Mon, 03 Mar 2008 17:05:58 +0000

NB: LLN can you please add a target=”_Blank” to your links? Thank you.

By: Jazz

Jazz — Mon, 03 Mar 2008 16:53:28 +0000

Nail on the head Siggistef.

By: Rotman

Rotman — Mon, 03 Mar 2008 16:50:16 +0000

@ Comment by johnnycanuck, posted on March3 at 11:23 am

Or they’re just very good at doing business, which to my understanding extends to more than just selling cars. Wouldn’t mind to own to some 90’s bought Porsche stock now….

By: johnnycanuck

johnnycanuck — Mon, 03 Mar 2008 16:25:35 +0000

…financial

By: johnnycanuck

johnnycanuck — Mon, 03 Mar 2008 16:23:10 +0000

All this tells me is that for Porsche to have this kind of finacial clout their vehicles are way overpriced.

By: Siggistef

Siggistef — Mon, 03 Mar 2008 16:22:25 +0000

Do a little research before you start throwing around irrelevant and stupid comments about something you know nothing about.

This isn’t about what Prosche can bring to VW but what Prosche actually needs. With the new CO2 regulations Porsche falls way behind. Averaging 282 g/km today with the mark of 130 g/km before 2012. By 2012 those that fail will face a penalty of 30$ per g/km over the agreed average for every vehicle sold, rising to 140$ but 2015. Porsche need fuel saving and emmission technologies. Instead of spending money on researching and developing new technologies they increase their stake in VW and take over it giving them access to those exact things they need.

By: LexusSoarer

LexusSoarer — Mon, 03 Mar 2008 16:20:24 +0000

Wonder if they’ll quickly call off the R8 then.

By: A4

A4 — Mon, 03 Mar 2008 16:17:05 +0000

i hate porsche, douchebags
wave bye bye to anything that might steal sales from the 911.

By: global_lightning

global_lightning — Mon, 03 Mar 2008 16:16:12 +0000

And to celebrate, the will build a special conmemorative run of the 914/6!

By: Syrax

Syrax — Mon, 03 Mar 2008 16:04:57 +0000

^^the m3 i mean.

By: Syrax

Syrax — Mon, 03 Mar 2008 16:04:17 +0000

>>i’m seeing the bmw ad on this side of LLN and you can clearly see the pig it became.>>

By: BlackX

BlackX — Mon, 03 Mar 2008 15:59:00 +0000

Im really surprised that company like Porsche can afford to overtake VW. Looks promising.

By: Syrax

Syrax — Mon, 03 Mar 2008 15:52:25 +0000

the **** build quality is from usa’s mexico plant. and the **** we have here in brazil. i had a german vr6 corrado, and it was an engineering dream. the same time in brazil they had the Gol GTS (the brazilian Lupo). fast, but really ****ty. now, they launched a Mk4.5 Golf (yes, 4.5, we don’t have the Mk5, and they face lifted, and horrendously butt lifted the Mk4 to hold till the Mk6).

By: edgeguy

edgeguy — Mon, 03 Mar 2008 15:32:27 +0000

HAHAHAHAHAHAHAHA SoLoveLA
I also agree with Sunshine1810. Maybe the new takeover will help improve VW’s notorious reputation for **** build quality.

By: sunshine1810

sunshine1810 — Mon, 03 Mar 2008 15:19:53 +0000

Almost 20 years ago Porsche almost went bankrupt. Now they are acquiring one of the biggest auto giants in the world. I’m not sure what Porsche will get out of the deal but VW is in dire need of reliable (more reliable) service and parts. Let’s hope this move will result in VW’s that don’t break (that much) and perform well.

By: SoLoveLA

SoLoveLA — Mon, 03 Mar 2008 15:19:25 +0000

So the Nazis finally get back their creation.