Volkswagen Assimilates Porsche — Volkswagen-Porsche 914

18 Июн 2015 | Author: | Комментарии к записи Volkswagen Assimilates Porsche — Volkswagen-Porsche 914 отключены
Volkswagen-Porsche 914

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Volkswagen Assimilates Porsche

has finalized its control over The Wolfsburg based carmaker to buy the 50.1 percent stake in automotive business it doesn�t which marks the end of an interesting complex and turbulent history.

The between the two companies goes way Porsche always had a close with VW. For example, the first Beetle was designed by Ferdinand The Porsche 924 was originally intended to be flagship coup�. Other for these kind of collaborations are 914 and 916, Audi RS2, or the VW Audi Q7 and the Porsche Cayenne are built on the same platform.

The familiarity between Volkswagen and Porsche Automobil Holding SE deeper as Porsche is being by the Pi�ch and the Porsche families. The chairman and former CEO of the Volkswagen is Dr. Ferdinand Karl Pi�ch, a of Ferdinand Porsche who started his at Porsche before moving to

VW�s takeover this is a remarkable reversal of roles as had been trying to take VW for many years #8210; a 15 times the size of Porsche in which the Stuttgart based overstretched itself. Porsche�s attempt resulted more � 10 billion ($13.8 billion). To matters worse Porsche was confronted with charges of manipulation.

In an ironic twist, Europe�s carmaker became interested in the highly indebted Porsche. companies had agreed in 2009 to by the end of 2011, but the merger was delayed due to an in the Germany and lawsuits in the US. Porsche these issues will for a while. Therefore the transaction make sure that the for the lawsuits are clearly on the Porsche SE

With the legal hurdles (at least for VW), both announced this week they are to create the integrated group through the contribution in of Porsche�s automotive business to the Group, with the move to already take effect as of 1, 2012.

Volkswagen-Porsche structure the transaction:

Volkswagen-Porsche structure the transaction:


Volkswagen will pay billion ($5.6 billion), one VW share for the remaining 50.1%. one ordinary share makes a different as it will save VW an tax bill of more than million ($1.1 billion). The payment allowed VW to classify the as a restructuring rather than a a tax-saving plan approved by tax authorities.

This restructuring maneuver was by legal and banking advisers, but it has some politicians who pointed out �many skilled workers can dream of so much charity the tax offices.� Perhaps this is why Dr. Winterkorn, Chairman of the Board of for Volkswagen emphasized the merger is for Volkswagen, good for Porsche and for Germany as an industrial location�.

Political discussions aside, the of Porsche, which just the most successful financial in its history, into the VW group help Volkswagen to fulfill its to become the world�s largest by 2018. The Group is currently the second-largest motor vehicle and already includes marques as Audi, Bentley, Bugatti, SEAT, and �koda. Furthermore builders Scania and MAN, as as motorcycle manufacturer Ducati are part of the VW family.

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