By on November 13, 2008

A few days ago, Porsche’s Wendelin Wiedeking sent a letter to Germany’s parliamentarians, urging them to say “Nein” to Chancellor Angela Merkel. According to Braunschweiger Zeitung [via Automobilwoche sub], Wendy was not what you’d call enamored with a new version of the “Volkswagen Gesetz” (VW law). That’s the legal power bestowed upon The State of Lower Saxony to control VeeDub— despite the State’s [now] relatively measley 20.1 percent holding. Last year, the European Court struck down the law– in the interest of free trade, Mutter and Apfelkuchen. The ruling opened the door for Porsche to ride to the rescue of VW, supposedly shielding VW from gang-rape at the hands of Kirk Kerkorian, Cerberus and a RICO of takeover-artists. And yet Berlin has no plans at all to scuttle the Volkswagen Gesetz. Porsche can own as much of VW as they want. With the law on the books, Porsche can’t fight the power from Hannover or Berlin.

After last year’s edict from the European Court, Frau Merkel dragged her high heels. This June, Brussels threatened to throw Germany to the wolves of the European High Court if they won’t finally move the F over for Porsche. Berlin’s answer: a slightly different Volkswagen Gesetz, a facelift of the old one.

The German Parliament is set to vote on it today. Brussels hates the new law even more than the old. If it is passed, European Trade Commissar (yes, the EU has Commissars) Charlie McCreevy will file papers with the High Court (yes, the judges get high) “before Christmas.” Then, said Court shall decree again. With the law gone, Porsche can pocket all of Volkswagen’s profits as theirs and rule the world of Volkswagen from Zuffenhausen. In his letter to the parliamentarians, Wiedeking “can’t see any reason why Volkswagen should be treated different than Daimler, BMW, or Siemens.” Good point. But will the logic play in Berlin?  As the camshaft turns. The saga continues.

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3 Comments on “German Government NFSWs Porsche...”

  • avatar

    Seeing as Porsche basically stole the money to buy VW (from the evil hedge funds, I know..), they seem to need a limiting force within the company to keep an eye on them.

  • avatar

    Look here you busybodies. As long as the journo crowd, and some people inside our org are around, we will be producing 911 ‘variants’.

    Do you have any idea how capital intensive this is?

    “Ass-engine-Nazi-slot-car”? Tell P.J. O’Rourke to get a coupla engineering degrees and come join the team. Keeping the uberest of Uber-Beetles able to meet safety and emission regs is a huge PITA. Not to mention having to develop the next round of super-computer-in-the-trunk, just to help the stability system prevent this pendant nightmare from pirouetting like Tanya Harding in every corner.

    These relics don’t really sell. We have to constantly create new, profitable cars to give this deutschemark dracula it’s fix. Even worse, the younger dr.eng. are really getting tired of detuning and de-powerplanting every new car, only because some of us can’t have the 911 looking like the pathetic cry for help that it really is.

    So lighten up, OK? There are some people inside and outside of Porsche who still think that the ultimate Beetle-Evo, is somehow the iconic Porsche. Keeping the 911 swirling the bowl for another 20 years is gonna take more money than god has.

    We really do need every pfennig we can loot from hedgies and VW. Or you will never see a ‘new’ 911 ever again…

    Your friends at Porsche

    (In the interest of full disclosure, I do NOT work for Porsche. I do sometimes work on Porsches. I have also had a few late nite, in lotsa beer there is veritas sessions. With Porsche wayinsiders.)

  • avatar
    Phil Roast Beef

    Commissar McCreevy? Falco must be spinning in his grave.

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