Porsche Continues to Steal Volkswagen through wide profit margins.

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[FONT=Arial, sans-serif]EU Court ruling means Porsche can now takeover VW[/FONT]

[SIZE=-1]After a lengthy legal battles, Porsche has won the European Court case against the "Volkswagen Law". The Volkswagen Law was established when Volkswagen was privatized in the 1960s in order to protect the company from foreign takeover. Under the law, any shareholders cannot exercise more than 20% of the company's voting right regardless of the level of shares they hold. This is designed to let the German state of Lower Saxony, which owns 20.8% shares now, to have the control power in the supervisory board. It lets Lower Saxony to protect the labor and state interests. After all, the "People's Car" company should belong to the people, they thought.

The European Court judgement states that the "Volkswagen Law" infringes with the EU principle of capital free flow. This mean Porsche can now exercise its voting rights proportional to its share level, which is 27.4% now, putting 3 people on the board, against the two from Lower Saxony. It will effectively take control of the Volkswagen group.[/SIZE]
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Linky.

People's car, for the people? Hah! What a communist idea.
 
No big deal I say. The people of Neidersachsen have done a good job running the company, and certainly they love their products more than anything in the world (99% market share in Wolfsburg alone!).

...As one of the few remaining VW guys on these forums (so long Poverty!), I can't say that I'm upset over the whole thing. Considering the foundings of Volkswagen, getting Porsche involved isn't the end of the world. It will be interesting to see what Porsche demands of VW now with greater control of the company, and thereby what VW may demand of Porsche given their increased shares recently.
 
anybody knows how this effects Lambo? since it kind of competes with porsche
 
Personally I don't think it does, I think Lamborghini and Porsche operate on different planes in terms of the customers that buy them.
 
Well, I'm a VW guy too, they are truly the best cars that you can buy, in terms of comfort, technological improvement, and badge prestige. Also, they look so much more substantial then their price tags suggest.

👍 I'm all for Porsche running VW, seeing as the first Porsche designed the Type 1! :)
 
That depends if you mean Porsche as in the company, or Porsche as in the person. The Porsche motor company didn't have anytihng to do with the Type 1, but the Type 1 had a lot to do with the first Porsche 911.
 
Fair enough, Ferdinand Porsche had actually designed several concepts before his meeting with Adolf to put a Volkswagon into production.

Nothings up with the avatar though :odd:.
 
Ahh, I needed to clear my cache, your avatar just showed up as a link saying
"live4speeds avatar" :dunce:

Porsche pretty much copied a Tatra model...
 
Toronado
Linky.

People's car, for the people? Hah! What a communist idea.
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Which is ironic, considering it was heavily funded by fascists. ;) But, hey, marketing is marketing.

I don't mind Porsche owning VW (or is it all of VAG?). They share so much back & forth (or is that more back than forth?) that it kind of doesn't matter if one owns the other. At least not to me. And I can't see it influencing Lamborghini any more than it already has. The same family has immense control on the running of the entire group anyway. In fact, the only car I could possibly see in any danger is Audi's R8, and considering it made it this far (and considering it's market potential), it's probably safe for quite a while.
 
YSSMAN
...As one of the few remaining VW guys on these forums...
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Well, I may not be a blatant VW favoritist, but i do appreciate what the make's done.

What I hope is to find a Boxxer engine in the back of my next New Beetle. and that mill shared with a new 914.
 

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