VW to Buy Porsche for $11.8b

Robert Farago
by Robert Farago
Robert Farago
Robert Farago

More by Robert Farago

Join the conversation
4 of 14 comments
  • Venator Venator on Jul 19, 2009

    @John Horner: Herbert Hoover? He left office in early 1933. Surely you meant Harry Truman!

  • Th009 Th009 on Jul 19, 2009
    krhodes1: Out of curiousity, does anyone know how much of VW is actually owned by the two families? Do they have a deal like the Fords where a relatively small ownership percentage results in control due to special voting stock? The Porsche and Piëch families do not have any significant direct ownership of VW shares (distinct from the Porsche SE holdings). Ferdinand Piëch, though, left the family sportscar business in 1971 and joined Audi in 1972. He moved up the ranks fairly quickly, and was named the CEO in 1993, succeeding Carl Hahn. Piëch has built a strong power base at VW, including the works council, allowing him to wield power beyond a typical VW CEO.
  • Mattstairs Mattstairs on Jul 19, 2009
    venator Actually, Hoover was appointed by Truman to assess the ability of postwar Germany to feed and sustain itself. Hoover determined that a solely agricultural Germany was impossible, unless 25 million people were moved or killed.
  • Joeaverage Joeaverage on Jul 24, 2009

    Okay you guys did a great job explaining Porsche. What about Audi and Seat and Skoda? All divisions of VW like Buick is of GM?