Finally! Porsche and VW to merge
Thursday, May 7, 2009 8:37
Porsche has stopped its efforts to take control of Volkswagen AG and agreed for an in-house merger with them, creating an integrated car manufacturing group in which ten brands will stand below an integrative leading company alongside each other and will be controlled by one single management board.
That doesn’t mean Porsche will control Scania brand for instance! They will only be in charge of their sports cars while VW takes care of Audi, Lamborghini, Bugatti, Bentley, Skoda, Seat, Scania and VW’s family and commercial vehicles. Like so , they can share the resources even further. Some say Porsche still wants to be VW’s major stake holder but because of the ill economy, in other word their 13 billion Euros debt!, they have to be more cooperative!
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