You are right about the Porsche/Volkswagen buyout (but only recently):
Porsche is a Stuttgart, Germany-based company. Volkswagen Group is a Wolfsberg, Germany-based company. Porsche owns about 45% of Volkswagen and is in the process of acquiring a majority share. The Porsche line is distinct but heavily involved with Volkswagen lines.
UPDATE: 2009.02: Porsche has acquired a majority share of Volkswagen in what will come to be considered a legendary financial coup in which it made billions of euros at the same it acquired the other company.
UPDATE 2009.11: Whoops! Porsche’s enormous leverage crippled them when car sales bottomed out, and Volkswagen has now acquired them instead!
The Volkswagen family includes VW, Audi, Skoda, SEAT, Spyker, Scania, Bugatti, Bentley, and Lamborghini. It also owns the Auto Union name.
Thanks for the smile.
Very clever. Hats off.
Dus this mean Volkswagen guys piss on the floor?
Ironically…Porsche OWNS Volkswagen. Those who know that fact see this as just a stupid publicity stunt.
Those who don’t, see this as brilliant.
faster car or smaller d@!k?
Brilliant guerilla-campaign!
Actually it is the other way around. Volkswagen OWNS Porsche…
You are right about the Porsche/Volkswagen buyout (but only recently):
Porsche is a Stuttgart, Germany-based company. Volkswagen Group is a Wolfsberg, Germany-based company. Porsche owns about 45% of Volkswagen and is in the process of acquiring a majority share. The Porsche line is distinct but heavily involved with Volkswagen lines.
UPDATE: 2009.02: Porsche has acquired a majority share of Volkswagen in what will come to be considered a legendary financial coup in which it made billions of euros at the same it acquired the other company.
UPDATE 2009.11: Whoops! Porsche’s enormous leverage crippled them when car sales bottomed out, and Volkswagen has now acquired them instead!
The Volkswagen family includes VW, Audi, Skoda, SEAT, Spyker, Scania, Bugatti, Bentley, and Lamborghini. It also owns the Auto Union name.