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Volkswagen to buy 49.9% of Porsche in first stage of merger
The days of Porsche being an independent automaker will soon be drawing to a close. Volkswagen has announced that it is ready to move ahead with the first stage of its buyout of the smaller company that had tried to do the same thing to it just a short while ago. Back in August when the VW board approved the merger, the Wolfsburg company announced that it would start off by purchasing 42 percent of Porsche AG, the car building unit of Porsche. That stake has now been increased to 49.9 percent and the purchase will happen before the end of 2009. ... Read more →
More details leak out about Porsche's reported plan for entry level model Jeremy Korzeniewski
Remember the Porsche 914? Most Porschophiles do, although some choose to forget the mid-engined sportscar built from 1969 through 1976. But the four-cylinder model was something of a sales success ...
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 ...
Report: Auto Union could be reborn out of VW-Porsche merger Sam Abuelsamid
In yet another strange twist of fate to the whole Porsche buys Volkswagen buys Porsche saga, the Auto Union name could end up being revived as a name for a combined company. The two companies have ...
Autoblog Podcast #137 Dan Roth
Episode #137 of the Autoblog Podcast has arrived. Chris, Sam, and Dan are back, chewing the fat over the Acura ZDX, Death Valley spy shots of the Jaguar XJ, what will underpin Cadillac's new ...
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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 ...
Autoblog Podcast #158: 'Twas a couple nights before Christmas...
Chris, Editor Paukert, and Dan send the Podcast off for the Christmas holiday in proper fashion
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