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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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Jeepmon All-Star Author San Jose Posts:607 Points:391,045 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:2,746 Points:733,990 Joined:May 2007	Message Posted: Jul 5, 2009 12:13:11 PM Ignore tco0102 Report Abuse ok
letmathe Champion Author Chicago Posts:8,688 Points:2,029,250 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:2,240 Points:202,605 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:28 Points:721,660 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 ?
EXTREMESNOW Champion Author Oregon Posts:3,056 Points:668,735 Joined:Jul 2006	Message Posted: Jul 5, 2009 12:01:11 PM Ignore EXTREMESNOW Report Abuse Qatar has to do something with all that oil money, can't repay the US for kicking Sadam out in 91.
gasie1 Champion Author Maine Posts:3,910 Points:1,288,895 Joined:Nov 2005	Message Posted: Jul 5, 2009 12:01:00 PM Ignore gasie1 Report Abuse I will keep my 1991 Buick away. Not interested in buying either one of the cars.
hibsaw Champion Author Mississippi Posts:1,751 Points:444,195 Joined:Feb 2008	Message Posted: Jul 5, 2009 12:00:33 PM Ignore hibsaw Report Abuse Not a fan of either one.
gas_too_high Champion Author Columbus Posts:2,534 Points:716,425 Joined:Aug 2005	Message Posted: Jul 5, 2009 12:00:17 PM Ignore gas_too_high Report Abuse Interesting that, while Porsche owns 51% of VW, the next biggest shareholder is the German state of Lower Saxony. Looks like "the People" already own a piece of the "People's Car" (or in German, Volks Wagen). In the US, we call that Government Motors.
BNSF733 Champion Author Chicago Posts:2,020 Points:561,595 Joined:Jun 2004	Message Posted: Jul 5, 2009 11:57:36 AM Ignore BNSF733 Report Abuse I'll probably not gonna buy one anyways......
Djeray Rookie Author Dallas Posts:66 Points:213,080 Joined:Jun 2008	Message Posted: Jul 5, 2009 11:57:27 AM Ignore Djeray Report Abuse and ...
Tucker1961 Sophomore Author Seattle Posts:202 Points:21,125 Joined:Jun 2009	Message Posted: Jul 5, 2009 11:56:40 AM Ignore Tucker1961 Report Abuse who cares
finch2dancandy Rookie Author Georgia Posts:71 Points:10,760 Joined:Jul 2009	Message Posted: Jul 5, 2009 11:55:42 AM Ignore finch2dancandy Report Abuse Will this affect the price of these already expensive cars?
bobdec Champion Author Florida Posts:2,883 Points:561,450 Joined:May 2008	Message Posted: Jul 5, 2009 11:50:16 AM Ignore bobdec Report Abuse Don't care would not buy either of those cars
granma3xnow Champion Author Indiana Posts:1,422 Points:297,600 Joined:Dec 2008	Message Posted: Jul 5, 2009 11:49:28 AM Ignore granma3xnow Report Abuse What difference does this make?
goumterps2002 Champion Author Dayton Posts:2,141 Points:350,495 Joined:Aug 2008	Message Posted: Jul 5, 2009 11:45:10 AM Ignore goumterps2002 Report Abuse This reminds me of my company. We bought them, but they ran the show for about 1-2 years, when it was finally demonstrated they didn't know what they were doing.
72_Monte Champion Author Twin Cities Posts:1,287 Points:739,380 Joined:Aug 2005	Message Posted: Jul 5, 2009 11:41:26 AM Ignore 72_Monte Report Abuse Hey, they could sell you a car with a lifetime supply of gas! Car made in Germany, fuel from the gutter!
GasHound2009 Sophomore Author Dallas Posts:218 Points:83,590 Joined:May 2009	Message Posted: Jul 5, 2009 11:40:18 AM Ignore GasHound2009 Report Abuse neither will i...
HawaiianGuy Champion Author Idaho Posts:3,171 Points:1,830,105 Joined:May 2003	Message Posted: Jul 5, 2009 11:38:30 AM Ignore HawaiianGuy Report Abuse Who cares? I'll never own either of those brands.
spike1zz Champion Author Indiana Posts:2,002 Points:358,670 Joined:Oct 2008	Message Posted: Jul 5, 2009 11:36:57 AM Ignore spike1zz Report Abuse Dont want to buy one of these cars and cannot afford the other
Cheepo Champion Author Tampa Posts:3,777 Points:1,923,740 Joined:Apr 2003	Message Posted: Jul 5, 2009 11:35:11 AM Ignore Cheepo Report Abuse Drill here and now, and the arabs will not have enough money to buy car companies!!!
dl72 All-Star Author Los Angeles Posts:966 Points:166,760 Joined:May 2009	Message Posted: Jul 5, 2009 11:34:37 AM Ignore dl72 Report Abuse We got other things to worry about.
albert2008 All-Star Author Winnipeg Posts:931 Points:242,395 Joined:Sep 2008	Message Posted: Jul 5, 2009 11:34:06 AM Ignore albert2008 Report Abuse everybody wins with this merger
stugha Champion Author Massachusetts Posts:2,143 Points:261,765 Joined:Sep 2006	Message Posted: Jul 5, 2009 11:31:59 AM Ignore stugha Report Abuse "Qatar" I wonder what they expect out of this.
Helms Champion Author Fort Worth Posts:3,012 Points:963,255 Joined:Jun 2005	Message Posted: Jul 5, 2009 11:31:52 AM Ignore Helms Report Abuse let's hope there are no survivors in that one!
gr8oakOH Champion Author Akron Posts:1,912 Points:502,165 Joined:Nov 2007	Message Posted: Jul 5, 2009 11:29:06 AM Ignore gr8oakOH Report Abuse this has what to do with gas prices???
taxiken Champion Author Twin Cities Posts:3,896 Points:1,100,000 Joined:Feb 2003	Message Posted: Jul 5, 2009 11:24:03 AM Ignore taxiken Report Abuse twiper1; Are you an Idiot?
FuelRacer1132 All-Star Author Iowa Posts:645 Points:144,470 Joined:May 2007	Message Posted: Jul 5, 2009 11:22:40 AM Ignore FuelRacer1132 Report Abuse What a family of cars this would be.
disldo Sophomore Author Chicago Posts:109 Points:38,610 Joined:Feb 2007	Message Posted: Jul 5, 2009 11:21:27 AM Ignore disldo Report Abuse Arabs buying into manufacturing...another step towards their belief of world domination. Beware!!!
twiper1 Champion Author San Diego Posts:1,482 Points:343,195 Joined:Oct 2008	Message Posted: Jul 5, 2009 11:20:07 AM Ignore twiper1 Report Abuse Be careful what kind of car you buy from that areaa. These countries use "SLAVE" labor
rippinusoff Champion Author Lexington Posts:1,032 Points:228,490 Joined:May 2007	Message Posted: Jul 5, 2009 11:19:01 AM Ignore rippinusoff Report Abuse stange kind of merger...and a 220 mph Beetle
channce All-Star Author Columbus Posts:882 Points:367,370 Joined:Apr 2008	Message Posted: Jul 5, 2009 11:17:09 AM Ignore channce Report Abuse Middle East countries owning manufacturing plants in Western countries is a scary thought. Will they impose their religious law on the plant workers' conduct?
wegman Champion Author Twin Cities Posts:1,504 Points:848,475 Joined:Jun 2001	Message Posted: Jul 5, 2009 11:16:07 AM Ignore wegman Report Abuse More assets in the civilized world being gobbled up by the Arabs. Not the most desirable of circumstances. But it does have a significant bright side - when the Great Recession ends (probably sometime after regime change in the United States) it means the Arabs will suffer when OPEC tries to run up oil prices again. And that may be a moderating influence. The Arabs took a bath with the Great Recession - not as bad as the civilized world, but a major hits.
la90042 Champion Author Los Angeles Posts:1,672 Points:335,610 Joined:Nov 2008	Message Posted: Jul 5, 2009 11:10:03 AM Ignore la90042 Report Abuse if it was a great investment why to they have to go to out of the country - folks should smell something funny....
Tnerbeel Champion Author Houston Posts:2,310 Points:490,760 Joined:Mar 2007	Message Posted: Jul 5, 2009 11:09:09 AM Ignore Tnerbeel Report Abuse At least the German government is not taking them over
1fulltank Champion Author Buffalo Posts:1,575 Points:296,115 Joined:Nov 2008	Message Posted: Jul 5, 2009 11:08:34 AM Ignore 1fulltank Report Abuse On deck: a Beetle that can fly in the 1/4 mile.
nigelb Champion Author Virginia Posts:1,992 Points:332,160 Joined:Feb 2008	Message Posted: Jul 5, 2009 11:08:27 AM Ignore nigelb Report Abuse I am wondering how this effects gas prices!
bruce725 Champion Author Dallas Posts:2,943 Points:329,915 Joined:Dec 2008	Message Posted: Jul 5, 2009 11:02:51 AM Ignore bruce725 Report Abuse just another autom merger
bbreff Champion Author Atlanta Posts:3,799 Points:1,366,735 Joined:Jun 2005	Message Posted: Jul 5, 2009 11:02:43 AM Ignore bbreff Report Abuse This is an all German problem.
jiamusi45 All-Star Author Calgary Posts:844 Points:35,755 Joined:May 2009	Message Posted: Jul 5, 2009 11:02:27 AM Ignore jiamusi45 Report Abuse They already say that VW, is the largest car sales in the world right now. I already think that the Carreo, and Boxer already look like a Beetle.
TECH500 Champion Author Alberta Posts:2,789 Points:562,740 Joined:Apr 2008	Message Posted: Jul 5, 2009 11:01:55 AM Ignore TECH500 Report Abuse More mergers ... very common today.
mfeldstein Champion Author Ottawa Posts:2,289 Points:771,005 Joined:Feb 2007	Message Posted: Jul 5, 2009 11:01:27 AM Ignore mfeldstein Report Abuse Car Wars
olcowboy14 Champion Author Spokane Posts:3,240 Points:536,110 Joined:Jul 2007	Message Posted: Jul 5, 2009 11:00:22 AM Ignore olcowboy14 Report Abuse I always thought there was a tie in between the two as in the early 60's you could buy a VW with a Porsche engine... they were fast.
adr47 All-Star Author Saskatchewan Posts:969 Points:257,945 Joined:Nov 2008	Message Posted: Jul 5, 2009 10:58:49 AM Ignore adr47 Report Abuse All in the family.
fightbigoil71 Champion Author Milwaukee Posts:1,451 Points:321,580 Joined:Nov 2008	Message Posted: Jul 5, 2009 10:58:36 AM Ignore fightbigoil71 Report Abuse I had always thought that Porsche had developed the VW
hangupanddrive Champion Author Michigan Posts:1,369 Points:1,054,555 Joined:Aug 2005	Message Posted: Jul 5, 2009 10:58:02 AM Ignore hangupanddrive Report Abuse VW and Audi, now Porsche? Stranger things could happen.
demnuts Champion Author Orlando Posts:7,492 Points:1,179,440 Joined:Aug 2003	Message Posted: Jul 5, 2009 10:57:57 AM Ignore demnuts Report Abuse they really should look around and see the condition of the automobile industry and settle their differences.
WillyG Champion Author Cincinnati Posts:1,891 Points:567,710 Joined:Aug 2005	Message Posted: Jul 5, 2009 10:56:18 AM Ignore WillyG Report Abuse I understand the owners of the 2 companies are related. Who wins, and who looses ?
Maintroll Champion Author Lexington Posts:2,230 Points:438,055 Joined:Aug 2008	Message Posted: Jul 5, 2009 10:52:20 AM Ignore Maintroll Report Abuse Man, a Porsche VW. A beetle that really zooms by you.
tazdriver Champion Author Huntsville Posts:4,120 Points:929,430 Joined:Jan 2007	Message Posted: Jul 5, 2009 10:50:45 AM Ignore tazdriver Report Abuse Makes you wonder about the future of the new US VW plants.
djgunrunner Champion Author Salt Lake City Posts:3,361 Points:1,099,275 Joined:Apr 2005	Message Posted: Jul 5, 2009 10:50:29 AM Ignore djgunrunner Report Abuse Qatar should really hope that the price of crude stays high. But then they could probably buy VW/Porsche with pocket change.