Approved: Porsche to seize control of VW

German antitrust authorities have given approval to Porsche's plan to increase its stake in Volkswagen to 25.1 percent. That will give the sports car maker a controlling minority share in VW. The plan was first announced late last month. Porsche began expanding its stake in Volkswagen late last year in an effort to prevent hostile takeovers from other factions. VW is a critical supplier to Porsche, and their partnership is expected to widen when production begins of the 2009 Panamera sedan. Government official Ulf Boege said there were no significant antitrust concerns about the deal, as there is no risk of Porsche and Volkswagen dominating the entire German car industry. Porsche currently holds a 21.2 percent stake in Volkswagen.

chewy - 7/7/2006 3:26:37 PM

+2 Boost

What, Porsches will be rebadged VW from now on.

Agent004 - 7/7/2006 3:28:14 PM

+2 Boost

or VW's will be rebadged Porsches, perhaps some cheap sleepers on the way :)

OK probably not, but a two door VW ala the Boxster would be an interesting concept.

chewy - 7/7/2006 3:51:56 PM

+1 Boost

I was just saying that many people here consider Audis rebadged VWs (they aren't) what will they say about Porsche. BTW, I have yet to see a really good photoshop of the Panamera as of yet.

courtstone - 7/7/2006 4:12:20 PM

+1 Boost

Why would they suspect that VW/Porsche would take over the car industry in Germany? That won't happen, not while BMW and MB are still operating.

chewy - 7/7/2006 4:26:51 PM

+1 Boost

courstone

Probably because VW/Audi/Posche/Skoda/Seat/Bentley make up close to 1/2 of all German sales.

courtstone - 7/7/2006 4:50:24 PM

+1 Boost

chewy, I guess you do got a point

Rupert - 7/8/2006 10:39:25 AM

+1 Boost

i say porsche because i'm not german. we don't say munchen instead of munich do we?
vw group is pretty huge. vw/audi/porsche/skoda/seat/bentley/lamborghini/bugatti. that's a lot.
who knew that the bugatti was a french car? i always thought it was italian till someone corrected me.
chewy, there's an r in porsche

Rupert - 7/8/2006 10:39:45 AM

+1 Boost

i mean i say porsch, not porsch-a