@ChazzyD: Bigger problem will be convincing Republicans to buy something named 'Union". They'd drum you out of the Banker's Club, and make you park at the remote lot at the country club.
@ChazzyD: I don't think enough Americans even know what Germany is anymore (a city in Europe?), much less the connotations of Auto Union as a WWII brand.
Besides, outside of the car biz, how many people even know that VW is called VAG?
Suddenly the Cayman shooting brake makes sense! They must have designed it to infiltrate Wolfsburg disguised as a golf with glandular problems, and smuggle out shares.
tomorrow's QOTD: which VW/Porsche brand represents which Captain Planet power?
My guesses:
Earth: VW (the commoner)
Wind: Bentley (creates gusts like a freight train)
Water: SEAT/Skoda (flimsy)
Fire: Lamborghini (obvious)
Heart: Porsche (only a true believer could love them)
Captain Planet: Bugatti (by your brands combined, I am Captain Bugatti!)
Porsche's been hard at work on a secret, hybrid weapon that will help them achieve dominant market penetration. They're expecting to blitz the competition with this.
@Van Sarockin, rogue trebuchet: You know, I feel like a dumbshit for not immediately realising that was an Audi 80/4000. I got the age right and knew it was either German or Japanese, but I assumed the joke was the theme, not the car...
@1300ccsoffury: What about the 3=6 Sonderklasse? I'd love to see those brought back, even as factory-restored cars the way Nissan did with 240Zs back in the 90s. Another one I'd like to see brought back is the Wanderer W25K roadster. (kinda like a poor man's BMW 328, picture attached.) Alas, the new Auto Union won't bring either of those back, likewise with the Type D. Well, I can always dream the impossible dream.
Umm, not sure you guys read that story right. "Porsche, which owns a stake of just above 50 percent in VW voting shares and swap contracts to control around 20 percent VW stake, was forced to abandon its stake-building earlier this year and negotiate a merger instead."
So Porsche SE still owns 50% of VW, its just selling its 20% stock options (aka swap contracts) to Qatar at a loss for 5 billion. It also says later on Porsche SE is planning a 5 billion capital increase to cover the rest of that debt. So all tolled, Porsche SE owns 50% of voting shares of VW, plus its own car company (Porsche AG), which it is merging with VW (that is what VW is poised to buy, not Porsche SE).
And Audi is as independent from VW as my left nut is from my right. Both are made from the same materials, and they are both tied in the same sack...I'm talking about VW and Audi of course...what?
@dragon951: You missed an important part where Porsche was given a huge cash injection by VW following their attempt at building a large stake in VW. I don't know if that is mentioned in the article, but that is part of the recent history of these two companies.
@acarr260: Yeah, it wasn't that huge (well, relatively speaking), 1.2billion, which was essentially a loan payment on the 10 billion so the negotiations could continue. Not particularly paralyzing to Porsche if they didn't get it, it was just a gesture of good faith.
Leeeeena a Jalopchick promoted this comment
Edited by Super Traction Engine at 08/12/09 6:17 PM
Super Traction Engine was starred
Super Traction Engine was unstarred
I, for one, welcome our new, Schwabish masters. I'm sure this will hasten the introduction of the retro-styled Panzer. Though much will be forgiven if they also reintroduce the Schwimwagen.
More like ly that they will resurect VWPAG for their name. My impression is that Porsche's holding company will be retaining their current interest in VW, while VW will be purchasing the Porsche auto manufacturing division, leaving effective control with Porsche.
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Besides, outside of the car biz, how many people even know that VW is called VAG?
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Synergy, anybody?
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My shelves are full, you bastards.
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My guesses:
Earth: VW (the commoner)
Wind: Bentley (creates gusts like a freight train)
Water: SEAT/Skoda (flimsy)
Fire: Lamborghini (obvious)
Heart: Porsche (only a true believer could love them)
Captain Planet: Bugatti (by your brands combined, I am Captain Bugatti!)
08/12/09
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Porsche's been hard at work on a secret, hybrid weapon that will help them achieve dominant market penetration. They're expecting to blitz the competition with this.
08/12/09
08/13/09
08/12/09
08/12/09
@1300ccsoffury: What about the 3=6 Sonderklasse? I'd love to see those brought back, even as factory-restored cars the way Nissan did with 240Zs back in the 90s. Another one I'd like to see brought back is the Wanderer W25K roadster. (kinda like a poor man's BMW 328, picture attached.) Alas, the new Auto Union won't bring either of those back, likewise with the Type D. Well, I can always dream the impossible dream.
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@brandegee:
08/12/09
"Porsche, which owns a stake of just above 50 percent in VW voting shares and swap contracts to control around 20 percent VW stake, was forced to abandon its stake-building earlier this year and negotiate a merger instead."
So Porsche SE still owns 50% of VW, its just selling its 20% stock options (aka swap contracts) to Qatar at a loss for 5 billion. It also says later on Porsche SE is planning a 5 billion capital increase to cover the rest of that debt. So all tolled, Porsche SE owns 50% of voting shares of VW, plus its own car company (Porsche AG), which it is merging with VW (that is what VW is poised to buy, not Porsche SE).
And Audi is as independent from VW as my left nut is from my right. Both are made from the same materials, and they are both tied in the same sack...I'm talking about VW and Audi of course...what?
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When attacked, Germans tend to bite back.
(not own work)
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More like ly that they will resurect VWPAG for their name. My impression is that Porsche's holding company will be retaining their current interest in VW, while VW will be purchasing the Porsche auto manufacturing division, leaving effective control with Porsche.
08/13/09