Report: Porsche changing its name in June

At a general meeting scheduled for June 26, 2007, Porsche will become a European company and will change its name to from ‘Dr. Ing. H.c. F. Porsche AG’ to ‘Porsche Automobil Holding SE.’ The change is being made to ensure that Porsche and its 30.9 percent shares in Volkswagen remain seperate.

Porsche, the sports auto maker, will now become a subsdiary of the Porsche Automobil Holding SE.

On April 30th, Porsche officially submitted an offer to acquire shares of Volkswagen, which will give it total control of Germany’s largest auto maker. The price offered to the Volkswagen shareholders amounts to €100.92 ($137.78) per common share and €65.54 ($89.47)per preferred share, which represents the minimum price required by law.
Read Article

EnnNorak - 5/7/2007 6:53:05 PM

+2 Boost

It will be interesting to see what future acquisitions are in the works for the new holding company. Will the new holding company eventually become a giant in the industry like GM once was?

S4cabriofoxone - 5/7/2007 8:17:58 PM

+1 Boost

I'm excited to see what will happen to the brands involved. Porsche better not touch Lamborghini, but Audi and VW will undoubtedly benefit from this transaction, as the guys from Stuttgart know more about profitability than anyone else.