PorscheVolkswagen


REPORT: Porsche to share platforms with VW, possibly 911

Can you image a VW-badged Panamera? What about a 911-based product from Wolfsburg? It could happen according to Porsche CEO Michael Macht. Autocar reports that Macht says, "Porsche needs to become a strong pillar of VW," and part of that means sharing platforms and components. The two companies have been on a rocky collision course towards merging for years, and now that the deal is all but done, the business of identifying synergies between the two companies is on. Porsche apparently is not worried about diluting its brand image by ... Read more →

VW-Porsche cross-pollination as Winterkorn, Pötsch join Porsche board Sam Abuelsamid

The assimilation of Porsche into the Volkswagen Group continued today as two top executives from Wolfsburg have taken up similar positions at the parent company of the sports car maker. Volkswagen CEO ...

Officially Official: Porsche CEO and CFO quit, leave the building Jonathon Ramsey

It was really just 35 words that announced the ends of two careers at Porsche: "In the last weeks Wiedeking and Härter have come to the conclusion, that the further strategic development of ...

Did you think the VW-Porsche deal was done? Nein. Jonathon Ramsey

When Volkswagen and Porsche sat down at dinner to discuss which one was going to eat the other one, they forgot to invite the German tax man. After VW came to terms with Porsche to take a 49.9% stake ...

REPORT: Porsche denies word that CEO Wiedeking will hand over the keys amidst deal talk Jonathon Ramsey

This executive cycle isn't uncommon, especially in Germany: CEO displays great leadership over time, then decides to do something daring, then gets caught in a series of unfortunate events, then gets ...

REPORT: German union leader calls on Porsche CEO to end ego trip, merge with VW 4 months ago on Autoblog

Volkswagen labor union chief Bernd Osterloh has called out Porsche's CEO for holding up a merger between the two German automakers: "Together, one could do a whole lot of more things if [Wendelin] Wiedeking would end his ego trip." Osterloh believes Wiedeking is standing in the way of a tie-up with ...

Porsche considering selling 49% of sports car business to VW? 4 months ago on Autoblog

Porsche has clearly gotten itself in way too deep in its attempt to take over control of Volkswagen, and now it's scrambling to find a way to relieve some of its crushing debt load. In addition to the possible €5 billion investment (nearly $7 billion USD) from Qatar, Reuters is reporting that ...

REPORT: VW leans on Porsche, Porsche responds, "We will not accept extortion." 5 months ago on Autoblog

Porsche maintains it still has its mojo, but Volkswagen is treating the company like Porsche's got lunch money and VW is hungry. VW -- which Porsche effectively owns -- loaned Porsche €700 million ($983.8 million) earlier this year, with Porsche due to pay it back in September. As collateral ...

REPORT: VW cancels merger talks with Porsche 6 months ago on Autoblog

According both automakers, the Porsche-Volkswagen merger has been stalled after VW's management determined Porsche "is lacking several fundamental conditions for the discussions." According to a VW spokesperson, the rift stems from Porsche's inability to demonstrate how the two companies would be ...

Porsche and VW uniting 10 brands under one roof 6 months ago on Autoblog

Automotive News Europe reports today that Porsche and Volkswagen have finally cleared the way for combining their brands under a single operation. The new carmaking group would have no less than 10 brands under one roof, though the "independence of all brands and explicitly also of Porsche shall be ...

Porsche denies rumored plans to sell itself to Volkswagen and swap CEOs 7 months ago on Autoblog

Here at Autoblog reports regularly cross our desks suggesting all sorts of contorted deals supposedly being brokered between automakers. This one's in bed with that one, that one's selling the other but retaining a minority interest, another one's starting a joint venture with yet another while ...

Porsche raises stake in VW again, makes offer for Audi 1 year ago on Autoblog

Porsche has raised its stake yet again in Volkswagen, going from a bit above 30% ownership in the German giant to a solid 35.14%. The purchase apparently gives Porsche, or rather the company that owns Porsche – Porsche Automobil Holding SE – control over VW. It released a statement ...

REPORT: Porsche considering 914 revival 1 year ago on Autoblog

Once every 40 years or so, when the stars are aligned just right, there arises the cosmic possibility for Volkswagen and Porsche to collaborate on a small sportscar. The stars in question seem to be Porsche chairman Dr. Ferdinand Piech, a spirit of takeover cooperation between the two German ...

EU grants Porsche permission to purchase VW 1 year ago on Autoblog

Porsche is one step closer to its goal of purchasing Volkswagen. Back in April of last year, the German automaker passed the 30-percent mark, forcing it to make an outright offer for The Volkswagen Group in its entirety, which it did. Not too many VW shareholders sold their stake to Porsche, as the ...

State gov't holds on as Porsche aims to strip its power 1 year ago on Autoblog

Porsche is embarking on a collision course with the government of Lower Saxony. The German state in which Wolfsburg, where VW is based, holds a 20.1% interest in the Volkswagen Group. But Porsche, which currently holds 31% of the company and is aiming to acquire majority interest, is on a campaign ...

Porsche may avoid CAFE penalty by buddying up with VW 1 year ago on Autoblog

Porsche's forthcoming majority stake in Volkswagen has the potential to remove a CAFE-sized thorn from the automaker's side. After a failed bid in Congress to create an exemption for itself from the recently revised fuel economy standards, Porsche needed a way to increase its CAFE rating in the ...

Porsche ups ownership in VW to 51% 1 year ago on Autoblog

The supervisory board of Volkswagen Group just gave approval for Porsche AG to take a majority stake in the people's automaker. Porsche currently owns 31% of Volkswagen, and this move will ultimately increase that share to 51%. The increase in ownership is estimated to cost Porsche upwards of $20 ...






Autoblog Podcast #155: 'Twas the night before LA...

Chris, Dan, and Editor Paukert go over some LA Preview action and quietly whoop it up on the podcast.

 
 

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