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Breaking News: VW Just Bought Porsche!

 
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77Porsche924  



Joined: 28 Feb 2008
Posts: 168
Location: Aldergrove B.C.

PostPosted: Fri Aug 14, 2009 8:30 am    Post subject: Breaking News: VW Just Bought Porsche! Reply with quote

Check it out... Quite Interesting...

http://www.ft.com/cms/s/0/52cc082c-883f-11de-82e4-00144feabdc0.html

Volkswagen will some EUR3.3 billion to take a 42% stake in Porsche AG, the 100%-owned unit of Porsche SE, by the end of 2009. Volkswagen will finance the acquisition of the Porsche stake with a cash capital increase of up to EUR3.3 billion in the first half of 2010, based on Porsche AG's estimated enterprise value of around EUR12.4 billion. Volkswagen will issue new preferred shares for the cash capital increase. Subsequently, Porsche SE will be merged with Volkswagen in the course of 2011.

Porsche, will be come VW in 2011

Pretty wild news!
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1977 Porsche 924
Classified Car Tips It's like the bible for craigslisting.
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Jakkq  



Joined: 29 Sep 2008
Posts: 810
Location: Omaha, Nebraska

PostPosted: Fri Aug 14, 2009 8:52 am    Post subject: Reply with quote

STEEEELLLAAAAAAAAAAAAAAAA!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
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Slam  



Joined: 07 Jan 2005
Posts: 1689
Location: Wainwright, Alberta, Canada

PostPosted: Sat Aug 15, 2009 4:00 am    Post subject: Reply with quote

Chickens coming home to roost.
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'84 944 - kid blew motor
'83 944 - resting comfortably. For 12 years
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Chrenan  



Joined: 15 Jan 2003
Posts: 3903
Location: Canada

PostPosted: Sat Aug 15, 2009 5:27 am    Post subject: Reply with quote

Indeed.

I think it's a good thing, I like the VW/Porsche products from the past, the 356, 914 and 924.
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1987 951 - M193 Version for Japan
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