1 Comment
VW Completes Porsche Takeover Photo:
2014_porsche_macan_spy_photos_13 Photo: tmr
2014_porsche_macan_spy_photos_09 Photo: tmr
2014_porsche_macan_spy_photos_20 Photo: tmr
2014_porsche_macan_rendered_dan_buzdugan Photo: tmr
2014_porsche_macan_spy_photos_27 Photo: tmr
2014_porsche_macan_spy_photos_02 Photo: tmr
2014_porsche_macan_spy_photos_17 Photo: tmr
2014_porsche_macan_spy_photos_21 Photo: tmr
2014_porsche_macan_spy_photos_11 Photo: tmr
2014_porsche_macan_spy_photos_26 Photo: tmr
2014_porsche_macan_spy_photos_01 Photo: tmr
2014_porsche_macan_spy_photos_16 Photo: tmr
2014_porsche_macan_spy_photos_19 Photo: tmr
2014_porsche_macan_spy_photos_12 Photo: tmr
2014_porsche_macan_spy_photos_25 Photo: tmr
2014_porsche_macan_spy_photos_06 Photo: tmr
2014_porsche_macan_spy_photos_14 Photo: tmr
2014_porsche_macan_spy_photos_18 Photo: tmr
2014_porsche_macan_spy_photos_08 Photo: tmr
2014_porsche_macan_spy_photos_23 Photo: tmr
2014_porsche_macan_spy_photos_05 Photo: tmr
2014_porsche_macan_spy_photos_04 Photo: tmr
2014_porsche_macan_spy_photos_24 Photo: tmr
2014_porsche_macan_spy_photos_15 Photo: tmr
2014_porsche_macan_spy_photos_10 Photo: tmr
2014_porsche_macan_spy_photos_22 Photo: tmr
2014_porsche_macan_spy_photos_07 Photo: tmr
2014_porsche_macan_spy_photos_03 Photo: tmr
2014_porsche_macan_spy_photos_28 Photo: tmr
Malcolm Flynn | Aug, 03 2012 | 1 Comment

It’s official: Porsche is now a wholly owned subsidiary of the Volkswagen Group.

After confirming the takeover's imminence last month, Volkswagen has this week finalised the purchase of the remaining 50.1 percent stake in Porsche, at a cost of €4.46 billion (AU$5.2 billion).

At the time of purchase, the 50.1 percent share was valued at €3.38 billion (AU$3.9 billion), with the further €1.08 billion (AU$1.26 billion) covering adjustment items.

Porsche has been linked to Volkswagen since its inception - the original 356 model sharing componentry with the Beetle - but this official integration of the two entities is expected to spawn operational synergies that had previously not been possible.

Expect increased platform and technology sharing among models, expanding on what is already in place with the Touareg/Cayenne models and upcoming Q5/Macan relationship.

Despite these synergies, Volkswagen is keen to point out that Porsche models will not simply become rebadged Volkswagens.

“Porsche will retain its own identity and operational independence, just like all of the other Group brands," Volkswagen CEO Martin Winterkorn said in a statement.

The merger marks a complete turnaround since Porsche’s failed takeover of Volkswagen in 2009.

The affair claimed the management team, and Volkswagen stepped in to save the company from financial oblivion.

TMR Comments
Latest Comments
The size of your tyre is located on the sidewall of your tyre.
It will be similar to the sample below.