Porsche considering take over of VW???

[pistonwheels]

The Porsche board of directors has authorized increasing their stake in VW to 29.9%, from their current 27.4%.

This is just below the 30% threshold at which they would be required to make a take-over offer (due to influence that stake-holder position implies on the company).

So, is Porsche setting itself up for a take-over of the much larger VolksWagon Group?

Quite amazing considering Porsche's own financial woes a few years ago.

What would Porsche do with the company? They would also then control Audi, Lamborghini, Bugatti and Bentley and SEAT.

Having control of the future direction of the premium group (Lambo, Bugatti, Bentley) may make sense to Porsche. As well as having access to Audi and VW in the world of cross-over vehicles and Audi's foray into high performance two-seat sports cars.

Or is Porsche just interested in stopping VW from merging with some other company?

[prancingdawg]

Mmmmm, er, that's real informative there, PistonWheels... you've managed to pul this forum into the ethereal realm of automotive finance venturing. Gotta sit down now, getting nosebleed and a little incipient dizziness. Must be the ethanol fumes...

[lagunamiata]

And I thought figuring out which beer to order at the 'Saucer was rough on the brain!!

[MrsVlad]

Hmmmmm ,, I might buy me some VW stock.. Not!

[trickbrick]

Y'all know that Ferdinand Porsche developed both, right? Maybe they're trying to get back to their roots and be a team again... JK that's really interesting. It'll be neat to see where this business deal goes.

Have any of you read "Getting the Bugs Out"-- about VW in the US? (It's interesting.) When the book was published, VW actually owned a rather large part of BMW and had been kinda trying to own them for awhile. Lol, but BMW got the jump on them with Rolls Royce, haha!

[jbyrd]

Maybe they are trying to maximize the value of the current shares they hold. The stock closed at a 52 week high y-terday.

As you suggested, Porsche may be concerned about a take-over of VW.....or at least with a possible VW strategic alliance another auto maker.

It seems allinaces may be the wave of the futue (ala Nissan Peugeot) in the auto industry, and if one does occur with VW, Porsche wants to strenghten it's position.

[Red Barron]

What are you doing up so early?

[Red Barron]

Slipping in Oil?

[russ33]

Jbyrd, it's Nissan/Renault, not peugeot. They really like the job Carlos is doing so much, even GM courted him.

Russ

[trickbrick]

it would make sense for Porsche to try to get enough shares to have the option of merging with VW if they wanted to. After all, who would want a giant like Ford to try to take over VW? Better to be one with the same interests, at least.

[damnyankee]

Might help to improve the overall quality of BMW!! ;D

[ROADBOY]

Ha ha, waiting for JB reaction.

[C4Shane]

Oh, I am sure there will be one.......

[C4Shane]

Think I'll head over to the Celtic Wimmen thread...