4 Updates

Volkswagen finally integrates Porsche

Jul 5 2012, 2:06am CDT | by

Volkswagen Aktiengesellschaft and Porsche Automobil Holding SE (Porsche SE) are to create the integrated automotive group through the contribution in full of Porsche’s automotive business to the Volkswagen Group, with the move expected to already take effect as of August 1, 2012.

Volkswagen announced that the finalized the integration of Porsche. It was a wild story. In the beginning Porsche was close to take over Volkswagen. Would have been the biggest coup in German...

Filed under: news

Full Story below YouTube Videos

 
 

Update
4

18 hours ago

Volkswagen 4x100 to Porsche 5x130 Wheel Adapter Review

Source: PRWeb  |   May 17 2013, 4:02pm CDT

UPDATE: Adapters are now anodized black instead of purple. Raceland's new Volkswagen 4x100 to 5x130 wheel adapters allow VW owners the ability to run Porsche fitment wheels such as their popular phone dial rims and other aftermarket Porsche wheels. The ...

Continue reading on: PRWeb  More like this

 
Update
3

19 hours ago


Quote:
"The Volkswagen Group and its brands made a satisfactory start to the second quarter"


Source: iStockAnalyst

 
 

45 weeks ago

Volkswagen finally integrates Porsche

Jul 5 2012, 2:06am CDT | by

Volkswagen Aktiengesellschaft and Porsche Automobil Holding SE (Porsche SE) are to create the integrated automotive group through the contribution in full of Porsche’s automotive business to the Volkswagen Group, with the move expected to already take effect as of August 1, 2012.

Volkswagen announced that the finalized the integration of Porsche. It was a wild story. In the beginning Porsche was close to take over Volkswagen. Would have been the biggest coup in German business. The attack failed and now the end is that Porsche is now becoming a part of the very successful Volkswagen Group.

The move will allow the integrated automotive group consisting of Volkswagen and Porsche to become reality some two years earlier than would have been economically feasible under the put/call options provided for in the Comprehensive Agreement signed in August 2009. Porsche SE will receive around €4.46 billion and one Volkswagen ordinary share as consideration for contributing the 50.1 percent of Porsche AG not yet owned by Volkswagen.

“The unique Porsche brand will now become an integral part of the Volkswagen Group. That is good for Volkswagen, good for Porsche and good for Germany as an industrial location. Combining their operating business will make Volkswagen and Porsche even stronger – both financially and strategically – going forward. We can now cooperate even more closely and jointly leverage new growth opportunities in the high-margin premium segment through targeted investments in pioneering products and technologies. This will benefit our customers, our employees and our shareholders”, said Prof. Dr. Martin Winterkorn, Chairman of the Board of Management of Volkswagen Aktiengesellschaft.

Via Volkswagen.

 

Don't miss ...

 

<a href="/latest_stories/all/all/2" rel="author">Luigi Lugmayr</a>
Luigi Lugmayr (Google) is the founder of I4U LLC and is a news junkie. He is posting hot trending stories across the broad range of Balla Network sites. Tip Luigi with your hot trending news and memes here.

 

blog comments powered by Disqus

Latest stories

Hydro projects in Spiti top priority: Virbhadra Singh
Hydro projects in Spiti top priority: Virbhadra Singh
Tabo (Himachal Pradesh), May 18 (IANS) Chief Minister Virbhadra Singh Saturday said more micro and mini hydropower projects would be set up in Spiti Valley to usher an era of prosperity and provide employment opportunities to the youth of the area.
 
 
Stressful job might take life
Stressful job might take life
London, May 18 (IANS) A stressful job can change the way body handles fat, resulting in raised cholesterol levels and even a heart disease, almost fatal for anyone.
 
 
Man kidnapped 23 years ago finds kin thanks to Google Maps
Man kidnapped 23 years ago finds kin thanks to Google Maps
Beijing, May 18 (IANS/EFE) A 28-year-old Chinese man who was kidnapped 23 years ago and sold to a family 1,500 km from his home, has met up with his biological parents again thanks to Google Maps, Hunan TV said Friday.
 
 
Indian, Nigerian teams win Africa business contest
Indian, Nigerian teams win Africa business contest
Johannesburg, May 18 (IANS) An Indian team comprising IITians and a Nigerian team promoting low-cost farm products have triumphed at an India-Africa business competition held here.
 
 
 
 
Auto Balla Sexy Balla Sport Balla TV Balla Politics Balla Movie Balla Apple Balla Business Balla Ad Balla Celebrity Balla