Volkswagen seen buying Porsche automaker to salvage merger

The two-year attempt of Volkswagen AG to merge with Porsche SE is at risk of being dismissed as taxes and legal problems block plans to unite Ferdinand Porsche's legacy. According to two people who are familiar with the matter, the supervisory board of the largest automaker in Europe will consider options
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uhn2000 - 11/16/2011 5:11:50 PM

+1 Boost

Crazy how big Porsche is - they own 51% of VW, that is nuts!

dumpsty - 11/18/2011 12:53:49 PM

+1 Boost

...yeah, the ownership b/t the two automakers makes it all pretty crazy...

VW owns so much of Porsche AG, Porsche owns so much of VW. It does seem like an outright purchase of Porsche would be the best solution to combine the two companies.

I guess since Porsche would basically be a (controlling) subsidiary of VW, things can get very confusing.

TauronB2G - 11/17/2011 12:17:26 AM

+2 Boost

The thing is that Porsche originally attempted to take VW over to save it from being taken over from the Japanese. At this point I just wish that VW will leave Porsche alone and just drop the whole merger. Porsche is doing fine without them. I also hope that Porsche drops the whole idea of a sub Boxster model and the potentially craptacular Cajon model. I'd like to see a Pajun (sub Panamera) model that would compete with the E Class and 5 Series cars. I think that would be the perfect model to complete the Porsche line.
T