Porsche and Volkswagen finally ready to unite

Porsche and Volkswagen finally ready to unite

Porsche VW logo

Automotive News Europe has just reported that Porsche and Volkswagen have finally cleared the way for combining their brands into a single operation. The new carmaking group would have 10 brands in the fold, though the “independence of all brands and explicitly also of Porsche shall be ensured.” VW will be bring its nine brands, while the Porsche brand itself would be added by Porsche Automobil Holding SE, the separate holding company owned by members of the Porsche and Piech families.

This news is the latest step in Porsche’s lengthy atempt to take a true controlling interest in Volkswagen. The German sportscar maker has reportedly already bought a 51% stake in Volkswagen to date, but that’s not enough of a majority in Germany to rule supreme. Porsche intends to raise its stake to 75% when economic conditions allow, but Lower Saxony, Volkswagen’s home German state legally has the right to veto any sweeping changes. Porsche are set to push on regardless.

Porsche VW logo

Automotive News Europe has just reported that Porsche and Volkswagen have finally cleared the way for combining their brands into a single operation. The new carmaking group would have 10 brands in the fold, though the “independence of all brands and explicitly also of Porsche shall be ensured.” VW will be bring its nine brands, while the Porsche brand itself would be added by Porsche Automobil Holding SE, the separate holding company owned by members of the Porsche and Piech families.

This news is the latest step in Porsche’s lengthy atempt to take a true controlling interest in Volkswagen. The German sportscar maker has reportedly already bought a 51% stake in Volkswagen to date, but that’s not enough of a majority in Germany to rule supreme. Porsche intends to raise its stake to 75% when economic conditions allow, but Lower Saxony, Volkswagen’s home German state legally has the right to veto any sweeping changes. Porsche are set to push on regardless.

« | »

Let us know what you think

Loading Facebook Comments ...

Road Tests

Silver Sponsors

Car and SUV Team

Richard-Edwards-2016Richard Edwards

Managing editor

linkedinphotoDarren Cottingham

Motoring writer

robertbarry-headRobert Barry

Chief reporter

Ian-Ferguson-6Ian Ferguson

Advertising Consultant

debDeborah Baxter

Operations Manager

RSS Latest News from Autotalk

RSS Latest News from Dieseltalk

Read previous post:
Retro Gullwing being produced with V8 power

The Gullwing is making a comeback, the alternative door configuration has always been popular on concept cars and custom rods,...

Close