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Volkswagen takes 49.9 percent stake in Porsche AG

Cue Ennio Morricone and the symphonic accompaniment to the endgame: VW has officially taken a 49.9% stake in Porsche. VW paid €3.9 billion ($5.75B U.S.) for its cut, "based on the enterprise value for Porsche AG calculated under a careful due diligence and valuation procedure." That's a few shades more than the €3.3 billion amount VW was saying it would pay a few months ago. In acquiring Porsche, VW not only gains a premium brand that is still among the most profitable in the business, but VW expects its operating profit to jump by ... Read more →

Porsche and VW expected to keep NA operations independent? Noah Joseph

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

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

REPORT: German union leader calls on Porsche CEO to end ego trip, merge with VW Jonathon Ramsey

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Volkswagen takes 49.9 percent stake in Porsche AG 8 days ago on Autoblog

Porsche and VW expected to keep NA operations independent? 4 months ago on Autoblog

The German auto industry is in for a big shakeup with the news that Porsche will be merging with the Volkswagen group. But while Wolfsburg and Stuttgart prepare for mutual integration, on this side of the Atlantic, business is expected to carry on as usual. According to the latest report from ...

VW-Porsche cross-pollination as Winterkorn, Pötsch join Porsche board 4 months ago on Autoblog

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 Dr. Martin Winterkorn will become CEO of Porsche Automobil Holding SE on September 15. He will be ...

REPORT: Porsche denies word that CEO Wiedeking will hand over the keys amidst deal talk 5 months ago on Autoblog

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 a tarnished reputation, then departs the formerly high-flying company (see also: "Schrempp" and ...

REPORT: German union leader calls on Porsche CEO to end ego trip, merge with VW 5 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 ...

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Autoblog Podcast #157: Mike Levine trucks along with us.

Mike Levine from PickupTrucks.com joins Chris, Sam, and Dan this week and gets a chance to talk about cars, too!

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#	Blogger	Posts	Cmts
1	Noah Joseph	96	0
2	Chris Shunk	75	2
3	Jonny Lieberman	73	0
4	Jonathon Ramsey	73	0
5	Sam Abuelsamid	61	0
6	Jeremy Korzeniewski	60	1
7	Damon Lavrinc	49	0
8	Frank Filipponio	35	4
9	Sebastian Blanco	34	0
10	Michael Harley	24	5
11	Dan Roth	22	6
12	Chris Paukert	21	0
13	Drew Phillips	18	0
14	John Neff	15	0
15	Alex Nunez	7	6
16	John McElroy	2	0
17	Domenick Yoney	2	0
18	Tim Stevens	1	1

porsche vw merger Subscribe