Porsche controls VW
Porsche now owns over 35% of VW, which under German law,
gives it control of the company.
What does this mean for VW?
Porsche cars have been much more reliable than VWs in the past few years. But they also make far fewer cars.
Porsche will be making an offer to control Audi as well.
Is it a good thing?
What do you think???
Conversation 8 comments
two of my friends drive low mileage Boxsters. both of them had their engines seize. 15 grand to fix ’em. Porsche unhelpful in admitting their engineering screw up. By their taking over VW/Audi, these already trouble prone cars will be even worse.
As long as they keep prices down I think it is a great thing.
VW really can’t get any worse than it is right now. Outrageous prices coupled with terrible reliability doesn’t inspire a lot of confidence or interest in their product.
The background is that they did this to meet future EU CO2 emissions.
That’s really the main reason as they can now offset their Porsches high CO2 with thrifty VWs…
The greatest benefit is that they don’t have to continue to dilute the Porsche brand selling what are in effect Audis.
To those of us who have suffered through Volkswagen’s poor reliability and even poorer customer service, they could make Volkswagens look like Porsches and we still would never buy another one.
I thought Porsche already owned VW. Ferdinand Porsche was behind the creation of Volkswagen.
It doesn’t really matter to me anyway. If I wanted to buy a German car, I would stay away from Porsche and VW just because of their roots to the Nazi party.
Maybe porsche will bring some character back to the brand. Most vw’s today look like an underfed german passed out at a sushi bar from too much sake. (too much asian design influence).
signed – stuck in the 80’s.
jay might be on to something.. taking Audi in a sportier direction (instead of just selling glorified Golfs and Passats) and replacing their Boxster/Cayman with a similarly-configured Audi R4 would allow them to move the 911, Cayenne and Panamera upscale and restore Porsche’s exclusivity, not to mention meet all of the CO2 and CAFE requirements they can’t achieve on their own.