• Jan 6th 2009 at 10:01AM
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Porsche is continuing to wag the dog by upping its stake in VW to over 50%. The move, which cost Porsche $8.49 billion, adds another 8% to the German automaker's ownership stake. The move to 50% was supposed happen late in 2008, but a short squeeze temporarily skyrocketed VW stock from 210 Euros to over 1,000, delaying the move. Porsche's increase in VW stake also gave the iconic automaker indirect control of Swedish truckmaker Scania. Swedish law requires a mandatory takeover offer, but since Porsche has no interest in truck tech, it will only offer the minimum amount required.
The much smaller Porsche has been deliberate in its bid to own the much larger VW, and its plans don't end at 50%. A Porsche spokesman told Automotive News that, pending market conditions, the company intends to own a 75% stake by the end of 2009. And to think Porsche was once worried that its small size made it vulnerable to be taken over by other companies.

[Source: Automotive News - Sub. Req.]

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    • 1 Second Ago
      • 6 Years Ago
      ronEbear, I'm glad that you are worried about my grammar and spelling mistakes. Fact of the matter is, your prejudiced remarks (about Jews) are unwarranted.

      Maybe you should spend a fraction of the time you spent dissecting the grammar of my sentence to do some real research before you claim that "Jews are murdering children."

      Is there a reason you fell back on criticizing something (grammar) that is completely irrelative? Maybe it's because you really don't know what the hell "you're" talking about?
      • 6 Years Ago
      Here's the issue: you aren't discussing the issues at hand; neither is ronEbear.

      When you lay blame on a group of people with the same religious beliefs (Jews), you are prejudice. And yes, this was done in the first comment to the first post! There are citizens that are not Jewish in Israel, many of them. There are Muslims and there are Christians.

      Also, you are bringing up facts (incorrect facts, actually) from an event in history (WWII), and trying to tie them into what is happening in the present, meanwhile, twisting the facts to somehow, in your mind, support the argument you are trying to make. Well, that, imo, does not really fit the description of an intelligent discussion of the issues at hand.

      I for one have done plenty of research. I have been in Israel and seen what is happening. I have family that lives in the North (near Lebanon) and in the South. I have seen the faux photography and cinematography going on, that you see on BBC, Al Jezzera, CNN, YouTube, etc. every day.
      • 6 Years Ago
      they should buy Volvo as well, imagine that? lol
      • 6 Years Ago
      You left out the "OM NOM NOM" sound bubble for that picture.
      • 6 Years Ago
      eating Volkswagen Group means Porsche controlls the third largest truck producer of the world.
      Volkswagen owns Scania(68.6% stocks directly and 17% indirectly via MAN), they have controll right over MAN (Volkswagen largest stock owner) and Volkswagen truck group...
      Porsche controlls behind Mercedes truck and Volvo truck AB (largest owner Renault S.A.) the third largest truck production world wide..
      Wiedekind CEO of Porsche don´t care much were the billions of win after tax come from that Porsche earns since years.. sportcars or trucks he takes every euro win...
        • 6 Years Ago
        truck production means heavy trucks over 16to
      • 6 Years Ago
      ronEbear, your an anti-semitic idiot. This is a car blog, go post your bs comments somewhere else.
      • 6 Years Ago
      @ronEbear, ken_aisin

      The worst part is that this isnt the first time such an act is happening and it is certainly not the last time. The impunity comes from the immunity our VETO grants these rogue actions.

      People like Alex and Miguel are always ready to throw the red herring of anti-semitism (ironically thereby degrading its meaning) rather than discussing the real issue and telling a friend (Israel) that it is wrong on occasion.
      • 6 Years Ago
      maybe build a porsche in Tn.?
      • 6 Years Ago

      So, no innocent children have died in Gaza in the last week?
      Read my reply to Miguel.

      • 6 Years Ago
      I feel obligated to make some comments now, in regards to the Middle East.

      Maybe you guys should switch off BBC, because if that's what you watch to get your news, you really are idiots.

      Tell me this, if you live in a country, and every single day, you are worried about your life because you don't know whether a bomb will blow up in a mall, or a rocket will land on your house, would you feel safe? Wouldn't you want your government to do something about it?

      If Hamas was a reputable organization, they would 1) not commit terrorist acts and 2) hide and put in harms way civilians. What do you expect Israel to do? There comes a time when enough rockets land in your neighborhoods, schoolyards, etc. that action has to be taken. The civilian casualties are very much unfortunate, I am not justifying them. BUT, Hamas AND the citizens brought it upon themselves. If the citizens would denounce terrorism, and say "no, you cannot hide and stockpile weapons in my house, Mosque, etc.," then maybe actions taken by the IDF would not be necessary. This is not the case…

      Now, who ever said that Israel is justifying their actions because of what happened during WWII? Maybe, people like ronEbear and ken_aisin, are bringing up history because of a grudge, hatred, prejudice, etc.? And what kind of relevance does "up to 2 million innocent German girls and women were raped at the end of the war" have to the current events? Where did you even get that fact?

      There are 5.5 million Jews living in Israel, it is their homeland, and they want to feel safe living there. Is that too much to ask for? (There are also 1.5 million Israeli Arabs living in Israel.)

      Oh, and I'm not arguing with the fools in the posts above, I just hope that people that don't know about this topic can get some proper facts.
      • 6 Years Ago

      How can change come when we have people like Alex and Miguel who don`t seem to know what is going on in the world around them. Though the Israelis might not be aiming directly to kill children, they have taken absolutely no precautions to ensure that no innocent die, thus they are butchering without justification.(OK, so I used the word murder earlier). What is going on here is starting to look a hell of a lot like the beginnings of an unintentional genocide.
      • 6 Years Ago
      This is what you can do with all your profits when you make nice desirable cars with a good profit margin.

      (Wonder if the big 3 are listening)
        • 6 Years Ago
        "Also...take a look at Porsche sales.....they're down 50%."

        And so are almost everyone else's. Porsche is being relatively smart by letting their own business run its course, and instead investing in other businesses that will shelter it. VAG probably cares less about the current economy than any other automaker.
        • 6 Years Ago

        Congrats, you are todays armchair quarterback...and apparently the Rex Grossman of armchair quarterbacks.

        Yes because people are absolutely jonzing for an american BMW! Thats why G8 sales are through the roof!!!

        And of course Buick should be more like Lexus or Merc than it already is, so they can make and AMG/F competitor and step directly on the toes of the aforementioned BMW-ized Pontiac. But what am I saying, afterall its not like the S class, LS, and 7 series are direct competitors or anything like that.

        I guess what I'm getting saying is; I don't think you've thought this through...at all.
        • 6 Years Ago
        "GM doesn't exactly cater to that sort of clientale."

        Maybe if they did, they wouldn't have quite the cash flow problem that they do now, and then they could slough off any government bailout loans or assistance.

        CORVETTE is nice, but Viper is meaner. How about a mid-engine super-Vette?

        PONTIAC should have become "the American BMW".

        BUICK should strive to be more like Mercedes or Lexus.

        CADILLAC should have a serious 'S' series contender. Cadillac must absolutely move more upscale for it to be considered "World Class Luxury". I want my Cadillac 16 NOW! Who gives a rip about fuel economy when you're batting against RR or Bentley?
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