View Single Post
svandamme svandamme is offline
Gon fix it with me hammer
 
svandamme's Avatar
 
Join Date: Sep 2003
Location: In Flanders Fields where the poppies blow
Posts: 23,537
Garage
well yeah but that is a loooong time ago.. the factory has reinvented itself completely according to the Toyota System..

Now it's called Exclusiv manufaktur

They weren't making much money back when they made those slantnoses
Now they do.

Technically, the company that now makes Porsches.. is a different company all together

The Slantnoses were made Dr. Ing. h.c. F. Porsche AG
Dr. Ing. h.c. F. Porsche AG was renamed in 2007 tp become Porsche SE

The Car making business , was transferred to a new company again called Dr. Ing. h.c. F. Porsche AG (but different registration and management) and aptly sold to Volkswagen

That cash was then leveraged so Porsche SE could buy controlling interest in Volkswagen AG.


Most people are very confused and think Porsche was bought by VW
It's the other way around !!! Porsche SE (the company that built the Slantnoses) bought Volkswagen AG, but to do so they shuffled around some assets, and put the new Porsche AG (the company that makes modern Porsches) under the VAG umbrella to fund it.

They have since made enough money to clear off any of that risk capital and they could easily get Porsche AG from under VAG's umbrella , but there's just no economic reason to do that.
Porsche SE is in full control of the entire kit and kaboodle.. so the name, the brand, the Porsche car business, is all fully under the management of Porsche SE, and since SE majority control is with the Porsche family, all is well.
__________________
Stijn Vandamme
EX911STARGA73EX92477EX94484EX944S8890MPHPINBALLMACHINEAKAEX987C2007
BIMDIESELBMW116D2019

Last edited by svandamme; 08-11-2021 at 02:29 AM..
Old 08-11-2021, 02:18 AM
  Pelican Parts Catalog | Tech Articles | Promos & Specials    Reply With Quote #10 (permalink)