Porsche’s CEO: Volkswagen will remain Volkwagen

At Porsche’s general staff meeting, Porsche CEO Wendelin Wiedeking expressed his views on the latest media frenzy around the Porsche - Volkswagen relationship. Implying that Porsche will not be taking over Volkswagen, he said Porsche will operate independently of Volkswagen’s decisions.

“Volkswagen will remain Volkswagen.” Wiedeking told Porsche employees. Pointing out differences between the two closely related companies, Wiedeking Volkswagen “plays in the chamionship league” but still has a long way to go to achieve its goals.

Wiedeking stated that Porsche will remain in Stuttgart. With respect to increase collaboration with Volkswagen he said “At present there are no further intentions.
Read Article

EnnNorak - 6/27/2007 11:13:43 AM

+1 Boost

Makes sense to me as the promise of the Porsche brand is something totally different from the promise of the VW brand.