http://in.reuters.com/article/busine...41060820090715

 

well maybe then we can at least have a porsche on the 6speed online banner without any legal trouble

 

not quite dead yet, WW is still in the business.
the next 2-3 weeks will decide if Porsche in the future will be just another car company under the roof of VW.

 

not rumor, WW will likely be leaving; article on PANORAMA july. hopefully porsche will still be "porsche"

 

Its is almost official:
Wiedeking is out, Michael Macht is in and Porsche will most likely be the 10th brand under the roof of VW soon:

http://www.thetruthaboutcars.com/mee...ing-dethroned/


But i don`t think something will change significantly in Porsche`s line up.
They have always been working together very closely anyway.

 

Qatar buy out to the tune of 5 bil euros may give porsche some leverage with VW

 

The rumor I heard tonight was the Porsche/Piech (sp)? families will own 50% of the new VW/Porsche.

It looks like the days of an independent Porsche is over. Alot of 993 guys swear they won't buy a water cooler Porsche (which is silly of course, who wouldn't want a more efficient cooling system).....

But I'm pretty sure I wouldn't buy a Porsche overseen by VW, so the 2009 model year may be where time stands still for me.

 

'Volkswagen to Swallow Porsche Whole"
Der Speigel: "POWER STRUGGLE ENDS...Volkswagen to Acquire Porsche...Wiedeking to Step Down as Owners Settle on Michael Macht, Current Director of Production for Porsche, as New CEO...VW May Acquire Porsche Family's Network of Austrian Dealerships Also..."

Porsche will not stay the same, Peich, head of VW and Porsche's cousin, has already said that Porsche will be sold in VW dealerships in the U.S. and worldwide.

Also, it is ironic that a woman my be the final arbiter: http://www.thetruthaboutcars.com/wie...s/#more-323333

Wiedeking Witchhunt Worsens, Woman Waits

By Bertel Schmitt
July 18, 2009


<!-- if there's a youTube video link, show video here --><!-- purchase links -->After every paper in Germany, and soon thereafter most on the globe had reported the ouster of Wendelin Wiedeking as Porsche CEO, his chairman Wolfgang <NOBR style="FONT-SIZE: 100%; FONT-WEIGHT: normal" id=itxt_nobr_1_0>Porsche</NOBR> belatedly came to his rescue: Friday evening, Wolfgang Porsche, chairman of the Porsche supervisory board, said that this is all wrong. In Germany’s fat weekend-editions, the denial is mentioned only in passing. Nobody seems to buy it.
What makes headlines is that <NOBR style="FONT-SIZE: 100%; FONT-WEIGHT: normal" id=itxt_nobr_2_0>Volkswagen</NOBR> might be first to fire Wiedeking. As representative of the 51 percent Porsche owns in VW, Wiedeking sits on VW’s supervisory board. It will meet on July 23, coincidentally when the Porsche supervisory board meets, and likewise coincidentally, both boards meet in Stuttgart. That makes it easier for two people: Ferdinand Piech is the chairman of the Volkswagen board, he also sits on the Porsche board. Wiedeking needs to report to his Porsche board, but he also needs to attend the Volkswagen board meeting.
It may be his last meeting.

According to the German magazine Focus, the Volkswagen board wants to kick out Wiedeking. The votes are there, says Focus: Piech, Lower Saxony’s premier Wulff, and the worker side, represented by Bernd Osterloh, Bernd Wehlauer, and Jürgen Peters will jointly say “Nein” when asked whether Wiedeking should continue to serve.
An unnamed Volkswagen board member told Focus:”Wiedeking can make up his mind whether he resigns on his own volition, or whether we need to remove him in a not so kind manner.”
Answer from Zuffenhausen? The Porsche workers come to the aid of their (current) boss Wiedeking. The workers threaten to seize the Porsche factories in Zuffenhausen and Weissach and shut them down. That threat is dealt with a German “na und?”(so what?)
What’s creating banner headlines, from the Borkener Zeitung to the Wiesbadener Kurier, is the fact that Volkswagen now wants to swallow Porsche whole.
Der Spiegel has it on good authority (probably the same that leaked the Wiedeking ouster) that VW plans a Porsche two-step. Step one: Volkswagen takes over 49.9 percent of Porsche. Step two: VW buys the rest. Possibly, VW even buys Porsche’s crown jewels in Austria. Amongst the most precious gems: One of the, if not the largest car dealer groups in Europe.
In return, the Porsche/Piech families would own more than 50 percent of what looks like the world’s second largest automaker. Lower Saxony keeps its 20 percent. The Sheik of Qatar will hold anywhere between 15 and 20 percent. Reuters already has an idea of how much this would cost: €8b, or $11.28b for the whole shebang. That should cover a good chunk of Porsche’s debt, but not all:two sources told Reuters that the debt “has ballooned to considerably more than 10 billion euros.” Playing hedgefunds is risky business. Win some, lose some.
While the two alpha males Piech and Wiedeking pound chests and tables, the final decision could come from a woman. Her name is Mouza Bint Nasser al-Missned.
The Sheik of Qatar didn’t exhaust his full quota, he has only three wives. Mouza Bint Nasser al-Missned is his second. She is his closest advisor. If she can convince a Sheik to give suffrage to women (she did) she can easily tell her husband whether it’s Piech or Wiedeking. If the strikingly beautiful 50 year old points at Piech, the Sheik will drop €7B on Volkswagen, Volkswagen swallows Porsche, Wiedeking is history. If she points at Wiedeking, the €7B will go to Porsche, Wiedeking can finish his takeover, and Piech can write his memoirs.
Piech and the Sheik should get along well. The Sheik has three wives and seven children. Piech has at least 12 children out of at least four “relationships.” But maybe the Sheik doesn’t want to be upstaged? Who knows. Stay tuned for the next episode.

It is quite sad - no more 'Porsche Independence': http://www.youtube.com/watch?v=cLZ_s_QhVb4

Well, after the number of 911s I have owned, this is the end of buying Porsches for me. I will now look elsewhere and unload what I own (as quickly as I can on trade-in for another marque). Porsches will now depreciate like falling bombs...