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Porsche Buying Volkswagen

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news

Porsche Boss Finds Baby Monitor In Room, Freaks Out About Corporate Spying

Wendelin Wiedeking has got a lot on his plate right now. The CEO of Porsche has got a line of cars selling like hotcakes, a new super sedan around the corner, and is trying to expand their stake in Volkswagen on the side. So when an operating baby monitor was found in his hotel room ahead of his attendance at a meeting of VW's advisory board, we can understand if a little concern was in order. No allegations have been leveled yet, but an investigation is underway and the possibility of corporate espionage is not out of the question. We'll have to see what happens, but something is rotten in Lower Saxony. [AP Story on Yahoo]

10:40 AM on Mon Apr 28 2008
By Ben Wojdyla
1,092 views, 19 comments

Latest by DoctorNineTenths: One thing has always puzzled me about this guy. If I drink Wiedemann Beer, am I supposed to salute or bow when the Wiedeking enters the room? Yes, even a souse like me worries about protocol. more »

industry news

Porsche Officially Buying Volkswagen

We just received a flash message from Jalopnik tipster Brian, who we think spends his mornings in front of the Reuters wire just waiting for auto-related news to come in. But this one's an industry whopper as the wire company is now reporting it's official — Porsche has given the go-ahead for an increase of their stake in Volkswagen to more than 50%. But fear not lovers of the Knights of Teuton, Porsche has no desire to merge the two companies. Nope, all they want to do is ride the automaker for the people off into the sunset where the two can make sweet, sweet German love. Full and anticlimactic Reuters report after the jump. UPDATE: It's official — Porsche has agreed to increase their equity stake to more than 50%, thus effectively buying VW. More »

9:11 AM on Mon Mar 3 2008
By Ray Wert
4,496 views, 61 comments

Latest by bmwloco: This has been brewing for some time now. Porsche wants to keep VW German. No news here now. Please move on. Look for it's impact in 3 to 4 years in a showroom near you. more »