caseys Posted May 7, 2009 Share Posted May 7, 2009 Just saw this in the news (broke 11pm last night) VW and Porche are to merge http://news.bbc.co.uk/1/hi/business/8036748.stm Wonder what effect it'll have, I doubt they'll lose either brand as that would be suicidal. What would it mean for VW producing more sporty models though? Nothing extreme from them I bet anymore. Quote Link to comment Share on other sites More sharing options...
supra_aero Posted May 7, 2009 Share Posted May 7, 2009 O dear. Quote Link to comment Share on other sites More sharing options...
Digsy Posted May 7, 2009 Share Posted May 7, 2009 Well, amongst other things it'll mean that Porsche won’t get so many financial penalties for producing cars that produce high levels of CO2, because all those green VW's will significantly lower their "fleet average" emissions. Quote Link to comment Share on other sites More sharing options...
ozz Posted May 7, 2009 Share Posted May 7, 2009 This was in the news in January, Porsche pulled an absolute blinder buying out VW shares quietly over a few months, by the time VW realised it was too late. It made one of the worlds biggest car companies IIRC and surprisingly wasn't widely reported in the news. Its taken this long to go through because the government states only german companies can own controlling stakes in VW, but porsche were claiming they were. Thats what I read in a few papers at the time. Quote Link to comment Share on other sites More sharing options...
ivan Posted May 7, 2009 Share Posted May 7, 2009 It was either that or Porsche take control by buying up 75% of VW. They're desperate to offset their emissions against someone elses. Quote Link to comment Share on other sites More sharing options...
Guest Budz86 Posted May 7, 2009 Share Posted May 7, 2009 I was under the impression that if you started buy shares in a company you we limited to a certain percentage (possibly 26%) and if you wanted to buy more than that you had to announce a take-over bid. This was to stop large companies effectivly 'buying' their rivals. Quote Link to comment Share on other sites More sharing options...
caseys Posted May 7, 2009 Author Share Posted May 7, 2009 In January, Porsche announced it had increased its stake in Volkswagen to more than 50%, and said it planned to lift its stake in VW to 75%. However, even with a 75% stake it would not have been able to take complete control because under the "VW law" the state of Lower Saxony, which holds a 20% stake, can block strategic decisions. There was a recent issue on the stock market where people shorted stock and ended up completely crippled. The share price in VW climbed 400% in ... 2 days. From about 200euros to 900 euros where people had to buy to forfil their shorts. Investors lost about $20 billion in two days http://www.belfasttelegraph.co.uk/business/business-news/porsche-pulls-off-one-of-the-greatest-share-killings-of-all-time-in-20bn-sting-14018784.html And yes, I realise I can't spell Porsche Quote Link to comment Share on other sites More sharing options...
Gaz6002 Posted May 8, 2009 Share Posted May 8, 2009 Hmmm this isn't new, but interesting all the same. I like how investors lost $20bn "in 2 days", but since the bailout GM have lost a further $10bn... horses for courses? Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.