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Official: Volkswagen Takes 49.9% Stake In Porsche

 
9 2,531 views December 7, 2009

Porsche Volkswagen Merger

Porsche Volkswagen Merger

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In late July Porsche announced Wendelin Wiedeking would be leaving his position as the company's CEO to be replaced by Michael Macht, clearing the way for the supervisory board at Volkswagen to lay the foundation for an integrated company with Porsche under Volkswagen leadership.

Today, a further milestone has been reached on the way towards the integrated automotive group with Porsche with Volkswagen buying a 49.9% stake in the famous sports car manufacturer for $5.78 billion. The completed merger of the companies is still scheduled to take place during the course of 2011.

The combination of the two companies follows a compelling strategic, industrial and financial logic. For Volkswagen, Porsche ideally complements the brand portfolio by expanding it with a premium business that offers particularly strong earnings. In turn, as an independent brand under Volkswagen umbrella, Porsche will have the potential for significant additional growth.

For worried Porsche fans, Volkswagen has stated that it remains committed to the phased integration of the two companies and to preserve the independence and the interests of Porsche.

[Volkswagen]





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Comments (9)

  1. By  psikolog Posted: 10/21/2009 4:57am PDT

    Maybe vw is discount car price and add this discount to Porsche :)
     
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  2. By  NC2000 Posted: 10/21/2009 6:40am PDT

    I can't think of a better steward of the Porsche brand than VW. A great match and many positive things will be the result.
     
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  3. By Agent Posted: 10/21/2009 3:24pm PDT

    I doubt the discount for a Porsche. They had a deal here in Pittsburgh. Only on a Porsche $115,000 or higher you would get $15,000 off. The car still costed $100,000
     
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  4. By IGTAUTO Posted: 12/7/2009 5:04pm PST

    WW is replaced by MM. Maybe you gotta be double lettered to be Porsche CEO ;)
     
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  5. By  nutrition sportive Posted: 12/7/2009 6:45pm PST

    I think this is a great match for both of them. Michael Jon Byers Lubbock Texas...
     
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  6. By  r4 card Posted: 1/7/2010 1:55am PST

    Hi,
    I was so excited that my hero company was going to own VW!!!
    But they stuffed up.
     
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  7. By  ds cartes Posted: 2/10/2010 6:18am PST

    This is a great game.
     
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  8. By  batterie Posted: 7/8/2010 5:41am PDT

    Maybe you gotta be double lettered to be……
     
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  9. By  Replica jerseys Posted: 7/30/2010 7:46pm PDT

    Thank you for taking the time to publish this information very useful!
     
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