Advertisement

Official: Volkswagen Takes 49.9% Stake In Porsche

Follow Viknesh

Porsche Volkswagen Merger

Porsche Volkswagen Merger

Enlarge Photo

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]

Advertisement
 
Follow Us

 

Have an opinion?

  • Posting indicates you have read this site's Privacy Policy and Terms of Use
  • Notify me when there are more comments
Comments (9)
  1. Maybe vw is discount car price and add this discount to Porsche :)
     
    Post Reply
    Vote
    Bad stuff?

  2. 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.
     
    Post Reply
    Vote
    Bad stuff?

  3. 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
     
    Post Reply
    Vote
    Bad stuff?

  4. WW is replaced by MM. Maybe you gotta be double lettered to be Porsche CEO ;)
     
    Post Reply
    Vote
    Bad stuff?

  5. I think this is a great match for both of them. Michael Jon Byers Lubbock Texas...
     
    Post Reply
    Vote
    Bad stuff?

  6. Hi,
    I was so excited that my hero company was going to own VW!!!
    But they stuffed up.
     
    Post Reply
    Vote
    Bad stuff?

  7. This is a great game.
     
    Post Reply
    Vote
    Bad stuff?

  8. Maybe you gotta be double lettered to be……
     
    Post Reply
    Vote
    Bad stuff?

  9. Thank you for taking the time to publish this information very useful!
     
    Post Reply
    Vote
    Bad stuff?

 

Have an opinion? Join the conversation!

Advertisement
Advertisement

Take Us With You!

 
Advertisement

Research New Cars

Go!


 
© 2014 MotorAuthority. All Rights Reserved. MotorAuthority is published by High Gear Media. Stock photography by izmo, Inc. Send us feedback.