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77Porsche924

Joined: 28 Feb 2008 Posts: 168 Location: Aldergrove B.C.
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Posted: Fri Aug 14, 2009 8:30 am Post subject: Breaking News: VW Just Bought Porsche! |
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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! _________________ 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
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Slam
Joined: 07 Jan 2005 Posts: 1689 Location: Wainwright, Alberta, Canada
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Posted: Sat Aug 15, 2009 4:00 am Post subject: |
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Chickens coming home to roost. _________________ '84 944 - kid blew motor
'83 944 - resting comfortably. For 12 years
'87 944 - sideswiped by trucker
'80 924 - gone
'78 924 - gone
'77 924 - rusting comfortably |
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Chrenan

Joined: 15 Jan 2003 Posts: 3903 Location: Canada
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Posted: Sat Aug 15, 2009 5:27 am Post subject: |
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Indeed.
I think it's a good thing, I like the VW/Porsche products from the past, the 356, 914 and 924. _________________ 1987 951 - M193 Version for Japan |
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