DaimlerChrysler rumored to want a piece of Volkswagen

Hot on the heels of Porsche’s plan to acquire a 20 percent stake in Volkswagen comes a rumor that surfaced in Germany today that DaimlerChrysler is also looking at a 20 percent piece of VW. Apparently, VW had approached DaimlerChrysler in the past, discussing various options, including a share swap between the two carmakers. DaimlerChrysler sources deny that there are any such plans in the works, and it is easy to imagine that Porsche’s announcement could have pre-empted any similar plans by DaimlerChrysler.

By s.waterman@p1data.com
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Hot on the heels of Porsche’s plan to acquire a 20 percent stake in Volkswagen comes a rumor that surfaced in
Germany today that DaimlerChrysler is also looking at a 20 percent piece of VW. Apparently, VW had approached
DaimlerChrysler in the past, discussing various options, including a share swap between the two carmakers.

DaimlerChrysler sources deny that there are any such plans in the works, and it is easy to imagine that Porsche’s
announcement could have pre-empted any similar plans by DaimlerChrysler.

We’ll have to wait and see on this one.