GolfGTIforum.co.uk
General => General discussion => Topic started by: jv on 29 September 2005, 13:42
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"Volkswagen Press Release: Volkswagen welcomes PorscheÂ’s interest in a strategic participation
GermanyÂ’s position as an automotive and technology basis strengthened
Wolfsburg, 25 September 2005 - Porsche AG, Stuttgart, today announced its interest in acquiring some 20 percent of the voting capital of Volkswagen AG. For Porsche, the move is motivated by the fact that Volkswagen has not only become an important development partner, but also a major technology and production partner for some 30 percent of sales.
Speaking on behalf of the Board of Management of the Volkswagen Group, its Chairman Dr. Bernd Pischetsrieder welcomed the strategic interest of Porsche AG in participating in the company. He said a stable shareholder structure was very important for the automotive business with its long term orientation.
Volkswagen and Porsche have already been cooperating on projects such as the Touareg/Cayenne for quite some time. The partners recently announced technological cooperation in the field of hybrid powertrains at the International Motor Show (IAA) in Frankfurt. Volkswagen welcomes the additional support brought to this cooperation by a participation which lends further weight to these collaborative efforts.
The participation envisaged by Porsche also substantiates one of the Volkswagen GroupÂ’s own business policies; for the automotive business with its long term orientation, a stable shareholder structure is very important."
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ohhh germanys car manufactureres are banding togeather, next they will march tight through the middle of Citrens factory and take it over, Then onto Poland to take over Saab and onwards to the Volvo HQ Before fighting Russia for Lada and attempting to cross the chanal to invaide Vauxhal :grin:
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Saabs ! Poland ! :undecided: :laugh: :laugh:
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meh, i loose track on what boaring european contry these cars come from, As you can tell i voted Ukip :wink:
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is this good news then?
can we expect to see chavs drivin round in golfs with system porsche stickers on, just coz they have porsche on theyre floor mats?
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i'd say its good news; Porsche know a thing or two about handling so maybe they' inject some quality into the lesser models and improve upon the GTI (if that's possible!!)
Plus VW know a thing or two about cabin design - might make a Porsche a nicer place to sit!! Alyways thought they look a bit bland on the inside.
VW also know how to style a 4x4!!
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We have two vw's and a porker (that sounds so good till you find out wat :grin:) maybe we should splice em to see what the future holds!!