Post taken from another forum:
IWannaS15 said:If you guys hadnt heard, Porsche increased their ownership of VW to just over 10% this week. They also announced plans to further increase their stake to 20% in an attempt to discourage any impending takeover bids.
I was very excited to hear this news. Some analysts have predicted that consolidation in the auto industry is inevitable. Given the history of VW and Porsche, and there recent ventures (Touareg and Cayenne), I think this is a perfect arrangement. Imagine a combined Porsche, VW, and Audi. A historic sports car line with spectacular racing heritage. An excellent broad range car company and the largest automaker in Europe. And a cutting edge (aluminum frame, CVT tranny, etc) luxury car brand. Not to mention the smaller brands like Skoda and SEAT and the premium nameplates Bentley, Lamborghini, and Bugatti.
Today, I read a report that DaimlerChrysler may being trying to buy into Volkswagen. Some say its just rumors now that Porsche has stepped up its share. But DC says VW has approached them several times in the past seeking such a deal. From Daimler's perspective, this may be the final opportunity.
The gloves are on and the fighters are approaching the ring. Who's leaving with the VW championship belt??
Jesda said:Sheesh. Thats like fighting over dog poop.