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09/27/2005 11:13 AM ID: 50371 Permalink   

Porsche to Invest US$4 Billion in Volkswagen
 

The Porsche AG has announced its intentions to purchase a 20 per cent share in the Volkswagen Group, sparking speculation that the company was almost to be the target of a hostile takeover. Porsche's investment will be worth about US$4 billion.

Simultaneously, Porsche announced that it plans to produce a Cayenne hybrid SUV based on the recently-announced Volkswagen/Audi hybrid system. Dr. Bernd Pischetsrieder said the investment would help stable the shareholder structure.

 		 
  Source: www.canadiandriver.com  
  WebReporter: NuttyPrat Show Calling Card      
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  4 Comments
  
  back together at last  
 
Wasn't the guy that designed the original VW beetle the guy that started Porsche? hence the 'squashed beetle' look of the porsche.
 
 by: lachs     09/28/2005 06:22 AM     
  @ lachs  
 
Yes, your correct. Porche developed and designed the VW "Beetle" for Hitler's volkswagen or "peoples car".
 
 by: Yogi-4   09/28/2005 08:50 AM     
  I think  
 
it's interesting that Porsche is a daughter company of VW (always has been) and they're coming up to stand in front of the company, so to speak. I love the politics of that.
 
 by: NuttyPrat     09/28/2005 09:23 AM     
  ...  
 
I don't think Porsche was ever the daughter company of VW.

Lamborghini, Bugatti, and Bentley are.
 
 by: vAnt   09/28/2005 10:39 AM     
 
 
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