Porsche – VW Takeover: Collegial Cage Match

Edward Niedermeyer
by Edward Niedermeyer
porsche 8211 vw takeover collegial cage match

According to the Financial Times' "Who's who" roundup, relations between the two halves of Porsche's ruling family are chilly– despite joint ownership of what will be the largest automaker in Europe. Apparently, Ferdinand Piech, chairman of Volkswagen, and Wolfgang Porsche, chairman of Porsche, had a bit of a spat at a recent Porsche board meeting. The two ordered everyone out of the room while they hashed out their unspecified difference. When they emerged, Wolfgang was "the surprising winner." According to an unnamed source close to both men (presumably not in a sexual way), the two grandsons of the legendary Ferdinand Porsche "are not scratching out each other's eyes but it is no secret that the Porsches and Piëchs were never really a loving couple." (Then again…) "Who's who" implies that Wolfgang Porsche's power is on the wane. And yet… his close relationship with Porsche CEO Wendelin Wiedeking (is it me?) is said to give him an upper hand in the new power politics at Porsche Automobil Holdings, VW's new master. Supposedly. Anyway, it's good to see the "collegial partnership" is off to such a good start…

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  • Guyincognito Guyincognito on Mar 05, 2008

    I can't wait to see the products produced by this union. Perhaps a Porsche badged Chrysler minivan is in the works even!

  • AKM AKM on Mar 05, 2008

    Ferdinand Piech+Wolfgang Porsche=Ferdinand Porsche. Did they weed out Wolfgang Piech? Sounds suspiciously like Dr. Jekyll and Mr. Hyde, although there's no good man here...