• Oct 7, 2008


For a few years there at large profile gatherings in America – especially sporting events – people wielding signs that referenced the Bible passage "John 3:16" and said things like "Be prepared" and "The end is nigh" were a common sight. We wouldn't be surprised if signs began showing up around VW headquarters that read "He is coming, 26-11-08." But the "he" they'd be referring to is Wendelin Wiedeking, CEO of Porsche, now that Porsche has announced its plans to take a greater-than-50-percent share in VW before the end of November.

Porsche's annual meeting is on November 26. The company hasn't said how big a stake it plans to take, nor when it will be doing the taking, but it's apparently ready to get this whole VW-ownership escapade into an endgame. There are still legal issues and technical challenges and Lower Saxony to deal with, but we have a feeling it's going to be a lot more difficult to argue with the phrase "absolute majority."

[Source: Automotive News, sub. req'd]



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  • 23 Comments
      • 6 Years Ago
      OH SNAP! VW is getting pwn'd!!!!11
      • 6 Years Ago
      Porsche can move up market, above Audi and Audi above VW.
      • 6 Years Ago
      Porsches financial power is amazing...they are expected to make more profit than revenue in 2008.
      A profit > 11 Billion..amazing
      • 6 Years Ago
      It's all in the family, so it don't matter. Family fued, egos etc. And it keeps any undesirables from getting in and buying VW etc. Keeping it tight in the family. Porsche, VW, Audi have always been related one way or another. Didn't VW have some say in Porsche years ago, now it's the other way round?
      • 6 Years Ago
      Porche, VW, and Audi all together!!!!!!! OMG THE WORLD IS GOING TO END!!!! what will we ever do? We might start seeing 3 vehicles built off the same base designed for different market segments... thats right, they already did that!
      • 6 Years Ago
      I hope the EU steps in and stops evil Porsche AG from acquiring VW and stealing Audi's technology for itself while at the same time preventing Audi from making better cars than Porsche like the 6 cylinder version of the Audi R8 that would have been faster than the Porsche Cayman S for less price than a base Porsche Cayman non-S. Choice is good for the consumer. Porsche AG is not.

      I'm calling for an Internet Boycott of all things Porsche. Tell all your friends about it.
        • 6 Years Ago
        I've been boycotting Porsche my whole life already.
        But when I win the lottery or land some big inheritance I plan to change that!
        • 6 Years Ago
        How exactly has Porsche stopped Audi from doing anything? Please elucidate a bit if you can.
        What are ya gonna boycott? The website? Porsche Design and Porsche AG are 2 different companies ya know?
        • 6 Years Ago
        People who buy Audis are very different from the people who buy Porsches. When it comes to Porsche the price of another similar car makes no difference. Porsche clients won't buy an Audi just because it is priced differently. So i think that the overtaking of porsche makes no difference for audi or porsche models. If anything there will be better technology for Porsche and more luxury for audi.
      • 6 Years Ago
      It's a Porsche "blitzkrieg"!!..
      • 6 Years Ago
      They don't have Thanksgiving in Germany.
      • 6 Years Ago
      Nice graphic
      • 6 Years Ago
      I laughed out loud at the graphic.
      • 6 Years Ago
      Nice graphic
      • 6 Years Ago
      I'd hate to see a Porschogini. The only possible benefit from this might be the replacement of the Panamera with the Estoque.
        • 6 Years Ago
        I would like to see a Porsche v6 in a future model of a GTi, though. With Porsche famous R&D, and VW's bang for the buck, I don't think this is going to be a bad thing here.
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