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Sunday, September 25, 2005

Volkswagen: Porsche to become main shareholder?

Wendelin Wiedeking
According to German magazine "Der Spiegel" Porsche is preparing to become the main shareholder of Volkswagen by buying 20 percent of the stakes.
Main reason for that move is that Porsche is afraid of the dependencies through the common developments (Cayenne/Touareg and hybrid technology) and the possibility of an unfriendly takeover of Volkswagen. In this case, it's most likely that Volkswagen will be separated and Porsche will lose the influence on the technology.

This scenario would be impossible after the rumored buy-in of Porsche, because Porsche (20 percent), the country of Lower Saxony (18.2 percent) and VW (13.1 percent) would always have the majority of the stakes.

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Source: Der Spiegel

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