Porsche Launch Bid for VW....

[GTI_SYD]

Interesting Article This Morning...

http://news.smh.com.au/porsche-launches-bid-for-vw/20080304-1wnr.html

[MattyT]

Isn't it strange how a company that sells ALOT of cars is supposedly being bought out by a company that in comparison, doesn't sell very many at all?

[pjbplumbing@bigpond.com]

Porsche AG are an extremely wealthy manufacturer, who not only produce nice cars, but also do a lot of R&D for other makers.
Its a smart move because it makes VW less likely to be taken-over by a foreign maker. It also strengthens Porsche position. Plus it gives Porsche a huge parts bin. If I were a lucky Porsche share holder I would be pretty happy I reckon.
Believe it or not VW were in trouble, just as GM and Ford are (US). At this point in time, if I were a car maker right now I would be worried about the future. Not just oil prices, but Asian cheap assembly factories.

[MattyT]

Does this mean golfs with twin turbo flat-6's?? :D

[balkanac]

i hope so!!!

[Bubu]

Hmmm... I guess better for Porsche to take over VW than any other manufacturer. Imagine GM or Ford taking control of WV.

[phaeton]

On the same day VW bought a controlling stake in the Swedish Truck maker Scania j:

[Lance B]

Hmmm... I guess better for Porsche to take over VW than any other manufacturer. Imagine GM or Ford taking control of WV.

Perish the thought! I would slit my wrists!

Who wants to have a select few manufacturers ruling the world of automotive? One of the many reasons I purchased my beautiful VW was because they are independant and their ideas are not controlled by such entities as Ford and GMH.

[gareth_oau]

Perish the thought! I would slit my wrists!

Who wants to have a select few manufacturers ruling the world of automotive? One of the many reasons I purchased my beautiful VW was because they are independant and their ideas are not controlled by such entities as Ford and GMH.

to give you an idea just how backwards ford are in their thinking...

I own an FPV GT-P, its one of the better vehicles that Ford manufacture - worldwide, yet Ford US wont allow Ford Australia to export it, because it might harm their US interests

[Lance B]

to give you an idea just how backwards ford are in their thinking...

I own an FPV GT-P, its one of the better vehicles that Ford manufacture - worldwide, yet Ford US wont allow Ford Australia to export it, because it might harm their US interests

I've wondered why Ford do this. I mean they have the fantastic Territory, and your FPV GT-P and even the standard Falcon is better than the US made cars, but they won't allow Ford Aust to export them. It beggers belief, IMO. Ford Australia has some fantastic cars, as does Holden, which would make killing in some overseas markets. I know Holden sells quite alot to the Middle East and they have a bloody good reputation there.

[99gti]

I've wondered why Ford do this. I mean they have the fantastic Territory, and your FPV GT-P and even the standard Falcon is better than the US made cars, but they won't allow Ford Aust to export them. It beggers belief, IMO. Ford Australia has some fantastic cars, as does Holden, which would make killing in some overseas markets. I know Holden sells quite alot to the Middle East and they have a bloody good reputation there.

Corect me if I'm wrong, but I'm sure I heard the other day that they (Holden) now export more than they sell here

[Lance B]

Corect me if I'm wrong, but I'm sure I heard the other day that they (Holden) now export more than they sell here

It appears that Holden have sent 30,000 Holdens - in various guises and under the Chevrolet Lumina name and others - last year. From internet sources:

Quote:
"The WM Chevrolet Caprice won BEST LUXURY CAR at the Middle East 'Car of the year' awards in 2006."

Quote:

"So how many cars Holden exports a year? Last year Holden exported 60,518 vehicles around the world, a record for the company since its export program started in 1954. Cars were sent to every continent except Antarctica. The 500 VE range cars, prepared as the Chevrolet Lumina and Chevrolet Caprice, are destined for ports throughout the Middle East where they will be distributed into the United Arab Emirates, Oman, Kuwait, Qatar, Saudi Arabia and Bahrain.


GM Holden Chairman and Managing Director, Denny Mooney, said exports were a key part in Holden ensuring its South Australian vehicle operations continued to run at full capacity. Mr Mooney said the Middle East market had grown into Holden’s largest destination of vehicles, with more than 30,000 shipped there last year.

He said the Chevrolet versions of Statesman and Caprice had become major sellers, enabling Holden to invest $190 million in the development of the WM series to extend its place in the domestic and export markets."