Porsche ready to takeover VW

In terms of production numbers Porsche is considered a small player in the auto industry, churning out just under 100,000 cars last year. Volkswagen Group on the other hand is one of the biggest players with the likes of Audi, Bentley and Laborghini under its belt. Despite the size differential, in an odd turn of events Porsche is now on the verge of taking over full control of VW.

As for the fate of some of VW Group’s low income earners, – read Bugatti - Wiedeking hinted that there is no room for “hobbies” and that “every brand and every car has to make money.” He concluded the interview by commenting “the name of the game is not to build cars but to make money” and that he’d rather invest in buying up more shares than releasing new products.
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S4cabriofoxone - 10/8/2007 10:54:33 AM

+1 Boost

I hope Lamborghini is making money--if they're not, bye...

SixxFive - 10/8/2007 7:44:47 PM

+1 Boost

Smart man.

vdiv - 10/8/2007 11:27:21 PM

+1 Boost

can VW concentrate on quality a little bit? they are the laughing stock when at the same price point people buy a corolla instead of a jetta. it's a shame...

S4cabriofoxone - 10/8/2007 11:51:40 PM

+2 Boost

Not in Europe. I don't know what VW of America's deal is, but in the old continent they are some of the most reliable cars sold. They NEED a North American plant to get any farther here.

EnnNorak - 10/9/2007 9:39:42 AM

+1 Boost

The only qualiy problem I've seen on my leased Audi has to do with the coil-over-plug ignition. I had two ignition coils fail in as many weeks. I understand that this is a long-standing problem and assume that a purchasing agent at VW does not know what he is doing when dealing with unreliable component suppliers.