Porsche buys VW buys Porsche?

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wigit
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Porsche buys VW buys Porsche?

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A report in today’s Financial Times claims Volkswagen is considering an ‘audacious bid’ for the Porsche car business.

An old Porsche, er... VolkswagenIf successful, the proposed purchase would turn upside-down the recent high-profile purchase of VW by Porsche’s holding company Porsche SE. In the words of a source quoted by the FT ‘the tail would finally stop wagging the dog’.

The ongoing saga centres on two dynastic families the Piëchs and the Porsches, who between them own the Porsche SE holding company and a 50.76 percent stake in Volkswagen.

Head of the Piëch clan, Ferdinand, is grandson of the great Ferdinand Porsche. It has long been reported that Piëch’s ambition is to integrate Porsche into the VW Group business, so this could be his moment of triumph.

The FT story says the takeover has been proposed as one possible solution to problems the Porsche automotive business may have financing its own €9bn debt.
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