Vw Group may complete the purchase of 50.1% of Porsche SE this year

Article by Christian Andrei, on January 23, 2012

Within this year, Volkswagen Group may complete the purchase of the 50.1% of Porsche Automobile Holding SE's automotive business that it doesn’t yet own for 3.9 billion euros, according to a report from German magazine Der Spiegel that cited VW managers who asked not to be named. VW will be able to pay over 1 billion euros in taxes if the purchase is complete before 2014 by establishing a holding company to take control of the stake temporarily.

The magazine said that furthermore, Volkswagen will be taking measures to guarantee that Porsche remains independent within the VW group to get over resistance from Porsche labor leaders.

VW already owns 49.9% of Porsche's automotive unit. Last Sunday, Christine Ritz, a VW spokeswoman, said that VW continues to be in the process of determining a plan to integrate with Porsche SE's automotive business.

Ritz said that all the parties want to achieve its target of an integrated automotive group “as soon as it makes economic sense to do so." He added that an announcement will be made immediately after a decision is made about this goal. Ritz didn’t comment on Der Spiegel’s report.

Topics: vw, porsche

If you liked the article, share on:


Login or Create new account to add a comment!


More than three decades ago, the DeLorean DMC-12 was produced by the DeLorean Motor Company. However, production was stopped due to issues within the company. The car itself was decent...
by - October 27, 2016
Tesla is making sure that all models under production will receive the necessary advanced hardware that will allow them to be autonomously driven. The fitment of these advanced hardware to...
by - October 27, 2016
Wondering how fast the 2017 Chevrolet Camaro ZL1 in actual driving? To provide customers a good idea on how fast the 2017 Camaro ZL1 could really get, Chevrolet recently had...
by - October 27, 2016
So, it is official! The new Honda Clarity FCV has the longest verified range of any zero-emissions vehicle currently on the road in the United States. One of the main...
by - October 27, 2016
Many have been anticipating Mercedes-Benz Vans’ newest luxury pickup truck, the X-Class. While Mercedes-Benz has yet to reveal the official production version of the X-Class, it was kind enough to...
by - October 27, 2016