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    Any insight into the future of Porsche (versus VW)?

    The latest news seems to be that the companies (Porsche and VW) are merging:

    Porsche Workers Vow Fight Against Volkswagen Takeover (Update2): http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aGsceQvCzVpc

    Although Porsche seemed to have gained the 'upper hand' with and investment from Qatar, and Piech, cousin of the Porsche family who sites on its board are trying to consolidate Porsche as one of its own brands.

    Other tidbits of news:

    High Stakes Porsche Poker: http://www.thetruthaboutcars.com/high-stakes-porsche-poker/#more-322666

    "From a legal point of view, Porsche Automobil Holding SE and the former Dr. Ing. h.c. F. Porsche AG are one and the same legal entity." see http://www.porsche-se.com/pho/en/porschese/, that is, you can't acquire one without the other one.
     
    Piëch seems like a madman - suing magazines about his ties and driving habits. Also, he and his son (?) seem to be outnumbered on the Board of Directors at Porsche Holding: http://investing.businessweek.com/research/stocks/people/board.asp?ric=PSHG_P.DE
     
    It appears that Lower Saxony and VW have a problem on its hands with the "new VW law" - being sued by the EU: http://www.reuters.com/article/rbssAutoTruckManufacturers/idUSLD3903420081113
     
    Also, see "Porsche Shares Gain as Spiegel Says Qatar Makes Offer" - http://www.bloomberg.com/apps/news?pid=20601100&sid=aHz34rBQnqNo
     

    Do any of the European or German folks on this forum have any other news? I know that the Porsche BOD are having a big meeting on July 23rd.

    Thanks for any help - Gerry

     

     


    Re: Any insight into the future of Porsche (versus VW)?

    That's new and interesting

    http://www.reuters.com/article/ousiv/idUSTRE56E1IU20090715

    Generally it's a mixed and volatile situation swinging either way all the time.

     


    --
    It's not where you're going, it's how you get there that counts

    Re: Any insight into the future of Porsche (versus VW)?

    Today at around 16:00 a rumor tell Wiedeking was out of his office,after a few minutes Porsche tell are all fake and Wiedeking is and will remain at his place..

    better than a thriller,Porsche shares today goes up and down like a roller coaster


    --
    997 TT, what a car/che'mmmmmaghena!!!

    Re: Any insight into the future of Porsche (versus VW)?

    According to Spiegel Online reports Michael Macht, former head of production, is the new CEO of Porsche.  

    Whether WW will remain at Porsche is unclear. 

     


    Re: Any insight into the future of Porsche (versus VW)?

    My own idle speculation is that Pieech will prevent Qatar from having voting power in any P/VW arrangement-even if they have financial/investment influence, P will merge with VW, with some nominal pseudo-independence, W2 will be gone, and P will go on making all the same cars they have been making in the recent past, so on the surface, the companies will look no different.  But this will be a win more for Pieech than for Porsche.  Not that this is good or bad or desired or not, just the way I think it will be....


    --

    1997 993 TT Proto 3.8L 700HP

    2005 996 TSCab EVO GT700

    2006 Noble M400 "M600" 573RWHP

    2007 Audi RS4 MTM exhaust/clutch/LWFW


    Re: Any insight into the future of Porsche (versus VW)?

    Turbo Al:

    My own idle speculation is that Pieech will prevent Qatar from having voting power in any P/VW arrangement-even if they have financial/investment influence, P will merge with VW, with some nominal pseudo-independence, W2 will be gone, and P will go on making all the same cars they have been making in the recent past, so on the surface, the companies will look no different.  But this will be a win more for Pieech than for Porsche.  Not that this is good or bad or desired or not, just the way I think it will be....

     

    Sure, looks like it. Soon we'll know.


    --

    _________________________________________________________ 

    A. Dias --- 997.2S (ordered). Previous cars: Corvette C6,  996 C4.


     
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