An early spyshot of the Panamera… disguised with W203 peanut headlamps!
With the industry being the way it is now, there have been plenty of talks about this or that brands being sold here and there, and of mergers, alliances, and share swaps.
The latest are rumours that Daimler, who have also been said to possibly do a stake swap with BMW, is in deep talks since the end of May 2009 to take up a stake in Porsche. This was according to a German business magazine called “manager magazin“.
Despite achieving things like owning a large amount of Volkswagen Group shares, Porsche is currently in debt (likely thanks to the Volkswagen stake buys) and has asked for German state aid while in talks to sell a stake to Qatar via the Qatar Investment Authority. Its debt tripled to 9 billion Euros after it raised its Volkswagen stake to 50.8% earli this year.
A Daimler AG spokesperson dismissed the report as speculation, while spokespersons from Porsche and Volkswagen said they were not aware if there were such talks.
After dabbling for years in the IT industry, Paul Tan initially began this site as a general blog covering various topics of personal interest. With an increasing number of readers paying rapt attention to the motoring stories, one thing led to another and the rest, as they say, is history. An avid electronic gadget aficionado as well as big-time coffee lover, he's also the executive producer of the Driven motoring TV programme.
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Why would raise stake in any share in the 1st place if that would get you into debt? It's crazy. I know some do this to get a so call 'short-cut profit' by selling for profit later on to rich conglomerate (usually from oil-rich middle east countries).
But that's the thing… those conglomerates are ALREADY RICH. Buying is optional to them. This type of acquisition is a gamble and instead of maintaining the elusive brand power that stood strong for almost 100 years… they whoring the brand for a quick profit which in the end could be another disaster like what happen to General Motors.
I blame Get Rich Fast Scheme here. Just my RM0.02
Haha, peanut headlamps. Nice description you got there, Paul…
daimler picks up porsche, who owns volkswagen…oh, bmw's gonna be squeezed
maybe porsche wants to swallow VW whole. heh, who knows?
what I hear is Qatar want to take over Porsche shares.. below is the link of the news
http://www.theepochtimes.com/n2/content/view/1825…