fasterthanferrari
Well-Known Member
German sports carmaker Porsche has raised its stake in Volkswagen (VW) to 30.9%, triggering a takeover bid.
Porsche boss Wendelin Wiedeking said the move was designed to stop hedge funds dismantling VW, which is Porsche's most important partner. "If a hedge fund dismantled VW and sold that on the stock market, we would lose our most important partner," Mr Wiedeking told Germany's Bild newspaper. "We cannot let that happen, that's why we acted."
Anyone care to explain how this will affect Porsche or the German auto industry? Then it suddenly got me thinking about all that multi-leveled international cooperation between the major auto makers and their interlinked relationships. Will this be the start of more 'world' cars and less...terroir?
Automotive family tree from JALOPNIK (Click image for high-resolution version.) - not sure how to get permission, delete if unsuitable for posting here.
Porsche boss Wendelin Wiedeking said the move was designed to stop hedge funds dismantling VW, which is Porsche's most important partner. "If a hedge fund dismantled VW and sold that on the stock market, we would lose our most important partner," Mr Wiedeking told Germany's Bild newspaper. "We cannot let that happen, that's why we acted."
Anyone care to explain how this will affect Porsche or the German auto industry? Then it suddenly got me thinking about all that multi-leveled international cooperation between the major auto makers and their interlinked relationships. Will this be the start of more 'world' cars and less...terroir?
Automotive family tree from JALOPNIK (Click image for high-resolution version.) - not sure how to get permission, delete if unsuitable for posting here.
