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Porsche-Volkswagen showdown looms

CNN Money -- FRANKFURT (Reuters) -- Porsche's squabbling owners are set to discuss an investment by Qatar in the next two weeks, a milestone which could change the dynamics of a Porsche/Volkswagen merger, people close to the talks said.

A decision on Qatar's entry may come even before key family members are set to gather at a Volkswagen supervisory board meeting on July 15, and a day later for the centenary celebrations at VW unit Audi, the people said.

Spokesmen for Porsche and VW declined to comment.

A successful investment from Qatar could strengthen Porsche Chief Executive Wendelin Wiedeking's negotiating hand as he tries to strike a deal with VW

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Submitted Jul 05, 2009 By: captngasTN

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matman01 Champion Author Detroit Posts:9,154 Points:1,009,420 Joined:May 2007	Message Posted: Jul 5, 2009 2:27:33 PM Ignore matman01 Report Abuse Just more proof that EVERY company is struggling these days.
pitchingcoach Champion Author Michigan Posts:1,276 Points:140,350 Joined:Aug 2008	Message Posted: Jul 5, 2009 2:27:15 PM Ignore pitchingcoach Report Abuse Can't afford Porsche anyway.
VikeFan1961 Champion Author Dallas Posts:1,058 Points:422,230 Joined:Sep 2005	Message Posted: Jul 5, 2009 2:24:20 PM Ignore VikeFan1961 Report Abuse Me my Fords, Chryslers and Harley should care... Why?
eagleeye2008 Champion Author Wisconsin Posts:3,992 Points:757,240 Joined:Jul 2008	Message Posted: Jul 5, 2009 2:23:58 PM Ignore eagleeye2008 Report Abuse LET THE "SHOWDOWN BEGIN",,,,TAKE FIFTY PACES,,,,,TURN & FIRE !!!! SEE_______________, WE WILL HAVE A WINNER AFTER ALL !!!!!
Slyguy1060 Champion Author Michigan Posts:6,509 Points:1,250,275 Joined:Feb 2007	Message Posted: Jul 5, 2009 2:15:05 PM Ignore Slyguy1060 Report Abuse It's a whole new and scary world out there it will be interesting to see where everything falls when all is said and done.
paulydel Champion Author Delaware Posts:4,203 Points:465,080 Joined:Jan 2008	Message Posted: Jul 5, 2009 2:12:33 PM Ignore paulydel Report Abuse Frankly my dear I don't give a damn.
phurburger Champion Author Atlanta Posts:2,555 Points:530,670 Joined:Oct 2005	Message Posted: Jul 5, 2009 2:11:35 PM Ignore phurburger Report Abuse Okay, nice industry interest story and a good example of how non-government business is conducted.
OHMS Champion Author Orange County Posts:8,047 Points:907,685 Joined:May 2005	Message Posted: Jul 5, 2009 2:09:47 PM Ignore OHMS Report Abuse Has that idea has worked well in Michigan so far; would you say??
balljars Champion Author Michigan Posts:3,628 Points:720,300 Joined:Aug 2008	Message Posted: Jul 5, 2009 2:06:05 PM Ignore balljars Report Abuse We in the USA realy dont care much which way this deal goes.
thirstyauto Champion Author Milwaukee Posts:6,119 Points:638,415 Joined:Nov 2008	Message Posted: Jul 5, 2009 2:03:54 PM Ignore thirstyauto Report Abuse It's likely most things will affect gas prices.
uglytom Champion Author Florida Posts:3,091 Points:677,165 Joined:Jul 2007	Message Posted: Jul 5, 2009 2:03:44 PM Ignore uglytom Report Abuse One will EAT the other!
AnObserver Champion Author New Jersey Posts:4,260 Points:1,415,945 Joined:Sep 2005	Message Posted: Jul 5, 2009 2:02:55 PM Ignore AnObserver Report Abuse This may affect the price of my next VW but I doubt that it will impact the cost of gas I put into it.
dabuzman Champion Author Seattle Posts:3,794 Points:997,875 Joined:Apr 2006	Message Posted: Jul 5, 2009 1:45:05 PM Ignore dabuzman Report Abuse Guess this will affect gas prices. How care what they do over their. Pretty some their will be only one car maker and we'll pay the price. So we best all watch out!
skippypa Champion Author Hawaii Posts:3,494 Points:759,165 Joined:Jun 2008	Message Posted: Jul 5, 2009 1:36:43 PM Ignore skippypa Report Abuse And this will have an affect on gas prices?
Tru2psu2 Champion Author Winston-Salem Posts:6,678 Points:624,155 Joined:Feb 2004	Message Posted: Jul 5, 2009 1:32:32 PM Ignore Tru2psu2 Report Abuse Let the Europeans fight about this if they want!!
baitmn Champion Author New Orleans Posts:3,988 Points:1,125,025 Joined:Sep 2006	Message Posted: Jul 5, 2009 1:27:14 PM Ignore baitmn Report Abuse I guess they will be bidding farewell soon
papou Champion Author Tampa Posts:5,658 Points:932,210 Joined:Jul 2005	Message Posted: Jul 5, 2009 1:25:13 PM Ignore papou Report Abuse Yes they did and then Hitler controled them to produce cars tanks etc.
armstrmb Champion Author Houston Posts:5,316 Points:1,108,730 Joined:Jun 2007	Message Posted: Jul 5, 2009 1:23:39 PM Ignore armstrmb Report Abuse "Key family members" must make decisions at Volkswagen? Didn't Volkswagen start as a state-run company?
I10Express Champion Author San Antonio Posts:3,685 Points:658,345 Joined:Nov 2008	Message Posted: Jul 5, 2009 1:22:56 PM Ignore I10Express Report Abuse Making the same mistakes GM made. Growth by acquisition in a shrinking market.
dollarwatcher Champion Author Wisconsin Posts:2,982 Points:558,775 Joined:Mar 2007	Message Posted: Jul 5, 2009 1:21:48 PM Ignore dollarwatcher Report Abuse Nothing is routine in the business world anymore. Would make a good made for TV soap opera.
tmannd All-Star Author North Dakota Posts:682 Points:47,600 Joined:Feb 2009	Message Posted: Jul 5, 2009 1:20:25 PM Ignore tmannd Report Abuse uld not buy eitherone I buy chryslers
DTGas Champion Author Ontario Posts:2,126 Points:427,360 Joined:Feb 2008	Message Posted: Jul 5, 2009 1:17:03 PM Ignore DTGas Report Abuse How much for gas?
jb107 Champion Author New Jersey Posts:4,674 Points:1,642,040 Joined:Sep 2005	Message Posted: Jul 5, 2009 1:16:55 PM Ignore jb107 Report Abuse The financial news use to be about American companies. No more.
highdesertman All-Star Author Albuquerque Posts:620 Points:898,705 Joined:Mar 2005	Message Posted: Jul 5, 2009 1:16:36 PM Ignore highdesertman Report Abuse From the article: "Ferdinand Piech, also the chairman of Volkswagen, has proposed that Porsche sell its sportscar business to Volkswagen, a move opposed by his cousin and Porsche Chairman Wolfgang Porsche." Family squabbles like this don't very often result in good business decisions. Maybe it time for the family to relinquish control before they all go down in flames.
no1doc Champion Author Milwaukee Posts:7,115 Points:805,435 Joined:Oct 2007	Message Posted: Jul 5, 2009 1:12:54 PM Ignore no1doc Report Abuse Sounds like the gunfight at OK Corral.
THEDodgeman Champion Author Denver Posts:3,048 Points:967,465 Joined:Apr 2005	Message Posted: Jul 5, 2009 1:10:48 PM Ignore THEDodgeman Report Abuse I bet Porsche will fly off the show room floors....NOT
ccycles All-Star Author Missouri Posts:807 Points:637,570 Joined:Jun 2007	Message Posted: Jul 5, 2009 1:09:33 PM Ignore ccycles Report Abuse hey BMW what's up
EOCSSEABEE All-Star Author Detroit Posts:735 Points:210,120 Joined:Oct 2008	Message Posted: Jul 5, 2009 1:04:51 PM Ignore EOCSSEABEE Report Abuse And to think, that VW was doing well w/ all of their advertising.
OnEmptyMO Champion Author St. Louis Posts:1,949 Points:625,980 Joined:Mar 2008	Message Posted: Jul 5, 2009 1:02:25 PM Ignore OnEmptyMO Report Abuse If they do merge, where will the engine go?
smoketown Champion Author Cincinnati Posts:2,880 Points:597,260 Joined:Feb 2008	Message Posted: Jul 5, 2009 12:55:50 PM Ignore smoketown Report Abuse GOOD MERGER THEY SHOULD DO WELL.
RAC110 Champion Author Massachusetts Posts:2,343 Points:1,161,685 Joined:Mar 2003	Message Posted: Jul 5, 2009 12:53:46 PM Ignore RAC110 Report Abuse they are fighting among themselves all the time but I think they have enough to go around for all
Prodaddy Champion Author Houston Posts:3,667 Points:942,685 Joined:May 2007	Message Posted: Jul 5, 2009 12:50:14 PM Ignore Prodaddy Report Abuse They better hope they can both survive
Minster Champion Author Wichita Posts:2,236 Points:779,790 Joined:Oct 2007	Message Posted: Jul 5, 2009 12:45:38 PM Ignore Minster Report Abuse if it helps them to get though this hard times. it would be good.
Yonkers111 Champion Author Scranton Posts:6,328 Points:536,820 Joined:Apr 2007	Message Posted: Jul 5, 2009 12:41:02 PM Ignore Yonkers111 Report Abuse Not a new relationship.
AC-302 Champion Author Los Angeles Posts:14,815 Points:1,941,735 Joined:Aug 2004	Message Posted: Jul 5, 2009 12:40:37 PM Ignore AC-302 Report Abuse Hmmm.. who designed the VW air cooled engine? Oh, yes, that's right - Dr. Ferdinand Porsche. And what three cars are marketed together and share a significant number of replacement parts? Oh, that's right Porsche, Audi and VW. They already cooperate on a number of fronts. I thought VW was a major shareholder in Porsche (and possibly the other way as well). What's the big deal? All three cars are pieces of junk in terms of reliability.
jmg144 Champion Author Maryland Posts:6,733 Points:2,003,115 Joined:Jul 2004	Message Posted: Jul 5, 2009 12:40:00 PM Ignore jmg144 Report Abuse They are prudent investors.
acknot Champion Author Seattle Posts:1,490 Points:769,335 Joined:Sep 2003	Message Posted: Jul 5, 2009 12:38:38 PM Ignore acknot Report Abuse See what dependence on foreign oil creates! Ragheads wont just be racing camels anymore!
Patch44 Champion Author Buffalo Posts:3,753 Points:898,860 Joined:Oct 2007	Message Posted: Jul 5, 2009 12:37:43 PM Ignore Patch44 Report Abuse I wonder if I can finally buy a Porshe?
seville04 Champion Author Albuquerque Posts:3,162 Points:1,150,615 Joined:Sep 2004	Message Posted: Jul 5, 2009 12:37:39 PM Ignore seville04 Report Abuse Yes, papagreg, I remember that too.
hartman All-Star Author Lansing Posts:645 Points:314,110 Joined:Jul 2007	Message Posted: Jul 5, 2009 12:36:21 PM Ignore hartman Report Abuse what a waste of a good sports car
gaschicCT All-Star Author Hartford Posts:928 Points:157,470 Joined:Apr 2008	Message Posted: Jul 5, 2009 12:32:53 PM Ignore gaschicCT Report Abuse WHAT???? Sell Porsche's sport cars division to VW???? Please say it ain't so!!!!!
papagreg Champion Author Sacramento Posts:1,527 Points:512,700 Joined:Jan 2008	Message Posted: Jul 5, 2009 12:30:56 PM Ignore papagreg Report Abuse I've always thought these two companies were intertwined anyway. Didn't the Porsche and volkswagen have interchangable engines back in the 70's?
cheapertvs Champion Author Richmond Posts:5,164 Points:1,761,295 Joined:Jan 2004	Message Posted: Jul 5, 2009 12:29:27 PM Ignore cheapertvs Report Abuse Soon, Qatar will own everything in Europe!
courier400 Champion Author Kansas Posts:9,724 Points:2,162,430 Joined:Mar 2004	Message Posted: Jul 5, 2009 12:27:58 PM Ignore courier400 Report Abuse yawn......
Pozole Champion Author Portland Posts:3,169 Points:615,730 Joined:Mar 2005	Message Posted: Jul 5, 2009 12:21:48 PM Ignore Pozole Report Abuse ...so just do it...
pokey469 Champion Author Hamilton Posts:1,134 Points:262,165 Joined:Sep 2005	Message Posted: Jul 5, 2009 12:21:24 PM Ignore pokey469 Report Abuse OK - but I'm not in the market for either one.
Jeepmon All-Star Author San Jose Posts:646 Points:634,925 Joined:Jul 2006	Message Posted: Jul 5, 2009 12:15:33 PM Ignore Jeepmon Report Abuse I'm on the edge of my seat.. its like a classic Hollywood showdown set in the wild wild west.. NOT
BornToulouse Veteran Author Georgia Posts:411 Points:71,315 Joined:Jul 2009	Message Posted: Jul 5, 2009 12:15:26 PM Ignore BornToulouse Report Abuse These two German companies are top-notch and world class in automotive engineering and styling as well as factory workmanship. Even so...times are hard economically worldwide. The government of Quatar is very smart to invest long-term in well-run companies. Looks like another mutually beneficial financial transaction. Nothing more. Nowadays, with global economies, anyone can invest in most any company...worldwide. The lines of "american companies", "chinese companies", "dutch companies"...are blurring. Foreign ownership becoming a majority stakeholder in many companies is increasing. Most north americans would be surprised...if they took the time to find out...what percent foreign ownership has in north american businesses. Many are at 40 percent and higher.
tco0102 Champion Author Charleston Posts:3,709 Points:962,795 Joined:May 2007	Message Posted: Jul 5, 2009 12:13:11 PM Ignore tco0102 Report Abuse ok
letmathe Champion Author Chicago Posts:9,997 Points:2,281,615 Joined:May 2001	Message Posted: Jul 5, 2009 12:12:57 PM Ignore letmathe Report Abuse It seems the auto industry is having problems worldwide.
2granny Champion Author Michigan Posts:4,212 Points:483,075 Joined:Apr 2009	Message Posted: Jul 5, 2009 12:09:17 PM Ignore 2granny Report Abuse No Thank You, they are not for me. I'll buy American.
Gropitou Rookie Author Montreal Posts:30 Points:942,525 Joined:May 2007	Message Posted: Jul 5, 2009 12:04:40 PM Ignore Gropitou Report Abuse You could buy a decent used car for the cost of a minor repair of any of their models, who needs'em ?