By on July 22, 2009

In a surprise announcement, Porsche Automobil Holding SE said early Thursday morning that its supervisory board approved a capital increase of at least €5 billion as part of a move toward forging a combined company with Volkswagen AG,  Automobilwoche [sub] reports.

The capital increase can be “in cash and/or a contribution in kind.  According to Automobilwoche, this move indicates that Wiedeking is on the way out, and that a merger with Volkswagen  is close.

However, at 3 a.m. in the morning, the supervisory board also announced that it authorized Porsche’s to conclude negotiations with the Gulf state of Qatar over an investment in Porsche, Reuters reports.

At the time of this typing, the nightly supervisory board meeting was still ongoing.

It is currently unclear how this will pan out. However, most observers think that Volkswagen will swallow Porsche instead of Porsche swallowing Volkswagen.

Get the latest TTAC e-Newsletter!

2 Comments on “Porsche Board Moves; Direction Unclear...”


Read all comments

Back to TopLeave a Reply

You must be logged in to post a comment.

Recent Comments

  • EBFlex: “Another thing is that I sneak up on deer all the time on my mountain bike.” No….you...
  • EBFlex: ORV is just off road vehicle. A more broad term than ATV or UTV. And again, those are not analogous. Those...
  • Kenn: When I walked by the open door of the GM’s office at a SoCal Toyota dealer, the day I took delivery of my...
  • slavuta: Before traveling to space he could take care of public transport. You should like this...
  • ToolGuy: I spend that $169/year on washer fluid and oil filters instead.

New Car Research

Get a Free Dealer Quote

Who We Are

  • Adam Tonge
  • Bozi Tatarevic
  • Corey Lewis
  • Jo Borras
  • Mark Baruth
  • Ronnie Schreiber