Last year, Porsche gave Magna an eight-year contract to build the Cayman and Boxster models from 2012 on. Then Porsche went to Volkswagen. Then Opel came. VW was miffed and said “us or Opel.” When Magna’s Opel deal went poof, VW said Magna can come home, all is forgiven. Apparently not quite. Volkswagen (or Porsche, hard to say these days…) want to use the factories of bankrupt Karmann which Volkswagen had bought and cancelled the contract. Magna cried foul and wanted money.
Now, the matter is official, writes Automobilwoche [sub].
(Read More…)
Posted in Germany, News Blog
Tagged as automobilwoche, Bertel Schmitt, birth place, Boxster, boxster models, boxter, Caymann, CEO, chunk, factories, Germany, karmann ghia, Magna, martin winterkorn, money, Opel, outsourcing contract, poof, Porsche, Volkswagen, volkswagen vw
Tagged as automobilwoche, Bertel Schmitt, birth place, Boxster, boxster models, boxter, Caymann, CEO, chunk, factories, Germany, karmann ghia, Magna, martin winterkorn, money, Opel, outsourcing contract, poof, Porsche, Volkswagen, volkswagen vw
Recent Comments
Beerboy12 - I got 2.5 Costco carts into the back of my golf. Granted no stroller but still… Not bad considering, It’s a small car, credit...
Beerboy12 - not called for… Grow up?
highdesertcat - “I interpret your view to be that the company should have been allowed to die at the hands of the financial crisis because the UAW deserved it.” GM...
SoCalMikester - Youd have to be on beast mode, like denzel in “flight” to still have a .04 after an 8 hour wait.
86SN2001 - Aren’t threats fun?
highdesertcat - mike978, if a person is predisposed to favor GM it may indeed be a stretch to accept that VW products are better engineered and better put together than GM...
Beerboy12 - Whodathunk… with all the noise and all.
BangForYourBuck - So….are you saying Mitsu will end up competing against itself?
jpolicke - I’m trying but failing to see the ‘advanced technology’ in a lot of...
rampriscort - How’s the Castle coming up there? Did it get sold yet? I used to come through there on 50 a lot and the circle is a huge improvement.