The Grayline » merger http://the-grayline.com The fine line of automotive news and opinion. Tue, 17 Nov 2009 15:09:30 +0000 http://wordpress.org/?v=2.8.6 en hourly 1 Porsche Struggling And Denies VW http://the-grayline.com/2009/07/02/porsche-struggling-and-denies-vw/ http://the-grayline.com/2009/07/02/porsche-struggling-and-denies-vw/#comments Thu, 02 Jul 2009 12:22:38 +0000 Christopher http://the-grayline.com/?p=1476 Original automotive content: Automotive Blog

Porsche Struggling And Denies VW

]]> The latest news from the German auto manufacturer is that Porsche denied the merger option set forth by VW.  According to insiders, VW offered to purchase 49% of Porsche.  Details are sketchy, but according to  a Porsche spokesman the deal apparently didn't make sense for Porsche.  Obviously this is having an impact on both stock prices in a troubling economy.

Further disappointment for Porsche comes when Germany denied a request for a multi-billion euro loan.  This loan was the help alleviate financial pains felt by Porsche, for trying to purchase VW.  Yes, purchase VW, apparently these companies can't make up their mind who wants to own whom.

"Porsche will now hold talks about alternative financing possibilities," it said in a statement.

"Porsche has always made clear that what we are talking about here is a loan for its operations that will not burden the German taxpayer," it said.

Sounds like a power struggle that neither parties need to take part in right now.  Also, echoing the sounds of the Big 3 domestic manufacturers and we all know the loans didn't help GM.  Up until just recently the head of Porsche seemed to have it right, "luxury and assistance do not fit well together."  So why start now?

Original automotive content: Automotive Blog

Porsche Struggling And Denies VW

]]> http://the-grayline.com/2009/07/02/porsche-struggling-and-denies-vw/feed/ 0 Porsche Granted Majority Share In Volkswagen http://the-grayline.com/2008/06/03/porsche-granted-majority-share-in-volkswagen/ http://the-grayline.com/2008/06/03/porsche-granted-majority-share-in-volkswagen/#comments Tue, 03 Jun 2008 20:24:30 +0000 Christopher http://the-grayline.com/?p=163 Original automotive content: Automotive Blog

Porsche Granted Majority Share In Volkswagen

]]> As far as the US concerned the green light has been given to Porsche to increase it's stake in Volkswagen.  The U.S. antitrust authorities ok'd the deal today.  This change will effectively give Porsche over 50% of Volkswagen share, making it majority holder.

Summer is here and apparently it's time for mergers.  Keep your eyes peeled for some important changes coming to Volkswagen, maybe they will get more expensive...or maybe Porsche will drop in price. lol

Original automotive content: Automotive Blog

Porsche Granted Majority Share In Volkswagen

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