Go Back  S2KI Honda S2000 Forums > General Interest > Car Talk
Reload this Page >

Porsche to take 20 percent stake in VW?

Car Talk Discussions and comparisions of cars of all makes and models.

Porsche to take 20 percent stake in VW?

 
Old 09-27-2005, 04:17 PM
  #1  
Thread Starter
 
steve c's Avatar
 
Join Date: Jun 2001
Posts: 6,792
Likes: 0
Received 4 Likes on 4 Posts
Default Porsche to take 20 percent stake in VW?

http://www.msnbc.msn.com/id/9479897/

Not sure why a company with 11 consecutive gains in profit would want to plunk money down on what is for lack of a better term a real loser in the automotive world for the past 10 years running ...
steve c is offline  
Old 09-27-2005, 04:40 PM
  #2  
 
Join Date: Jun 2003
Location: Los Angeles
Posts: 3,456
Likes: 0
Received 2 Likes on 2 Posts
Default

I'm guessing its probably more a gesture or something. I know that VW and Porsche have worked very closely with each other, often "loaning" out their engineers and designers with each other amongst the sharing of platforms and what not.

My friend that used to design for the now defunct Porsche design studio here in Cali was often shipped over to Germany to work on a couple VW projects, and sometimes Audi projects all while getting paid via Porsche. He said it seemed like he wasn't sure anymore for which company he was actually working for.
Saint_Spinner is offline  
Old 09-27-2005, 04:55 PM
  #3  
Moderator
 
UnkieTrunkie's Avatar
 
Join Date: Sep 2004
Location: SJC
Posts: 103,355
Received 425 Likes on 408 Posts
Default

Good question.

My Wild-A$$-Guess is that they may want/need to leverage VW's production capabilities. . . but buying a 20% stake in a turkey seems like a fairly ludicrous way of doing it. Once again, W-A-G.
UnkieTrunkie is offline  
Old 09-27-2005, 05:32 PM
  #4  
 
Join Date: Nov 2002
Location: Bothell
Posts: 160
Likes: 0
Received 0 Likes on 0 Posts
Default

That way the new GT will have a W12 wedged in it!! other than that i dunno?
NICKS2K is offline  
Old 09-27-2005, 05:49 PM
  #5  
Registered User
 
Clayman's Avatar
 
Join Date: Jan 2004
Location: A Quiet Place
Posts: 2,794
Likes: 0
Received 0 Likes on 0 Posts
Default

Maybe it's just me, but I don't really understand this purchase. I thought VW, Audi, Porsche, and Bentley were all under the VW group name (kinda like Ford with all their makes). Is this not true?
Clayman is offline  
Old 09-27-2005, 06:46 PM
  #6  
Registered User
 
Join Date: Feb 2005
Location: Austin
Posts: 214
Likes: 0
Received 0 Likes on 0 Posts
Default

Originally Posted by steve c,Sep 27 2005, 04:17 PM
http://www.msnbc.msn.com/id/9479897/

Not sure why a company with 11 consecutive gains in profit would want to plunk money down on what is for lack of a better term a real loser in the automotive world for the past 10 years running ...
I don't think that is accurate, VAG had $923 million in net profits in 2004 and I believe the preceding years they did even better than that.

http://hoovers.com/volkswagen/--ID__41853-...factsheet.xhtml

Even if they are not doing as well as late they are still the biggest auto manufacturer in Europe and the world sales leader in diesel engines(and they make a lot more of them than Honda does IMAs).

From what I can see the only major car manufacturers I would avoid investing in are Fiat, Mitsubishi, GM, and Ford.
gsolman is offline  
Old 09-27-2005, 07:16 PM
  #7  
 
Join Date: Jul 2001
Location: Corn Country
Posts: 5,881
Likes: 0
Received 0 Likes on 0 Posts
Default

Maybe the 20% stake on the company will raise the prices of current VW's even higher.
Christople is offline  
Old 09-27-2005, 07:32 PM
  #8  
Registered User
 
Join Date: Jan 2004
Location: Bend, OR
Posts: 853
Likes: 0
Received 0 Likes on 0 Posts
Default

Originally Posted by Christople,Sep 27 2005, 07:16 PM
Maybe the 20% stake on the company will raise the prices of current VW's even higher.
lol... yeah in a few years people will be paying M5 money for a Passat with the way that car keeps going up and up in price.
Planets is offline  
Old 09-27-2005, 07:39 PM
  #9  
 
Join Date: Oct 2000
Location: WA
Posts: 9,207
Received 5 Likes on 5 Posts
Default

According to a discussion on one of the business channels Porsche partners with VW in many operations and VW is in a major capital crunch. This investment was dictated by the family Porsche owners to preserve and expand the relationship, so there was business motivation but that was not all there was to it.
cdelena is offline  
Old 09-27-2005, 07:55 PM
  #10  
 
Join Date: Oct 2001
Location: Greenville, NC
Posts: 3,663
Likes: 0
Received 0 Likes on 0 Posts
Default

Originally Posted by NICKS2K,Sep 27 2005, 08:32 PM
That way the new GT will have a W12 wedged in it!! other than that i dunno?
thats a W16
speed4tu is offline  

Quick Reply: Porsche to take 20 percent stake in VW?


Contact Us - Archive - Advertising - Cookie Policy - Privacy Statement - Terms of Service

© 2019 MH Sub I, LLC dba Internet Brands