Snappy newsletters. Simple Facebook sharing. Spirited comments. Sweet features are waiting… GET THEM NOW!

Porsche Speeds to $225B Euro Empire

VW acquisition would create Europe's biggest car & truck company

By Rob Quinn, Newser Staff

Posted Mar 4, 2008 2:43 AM CST

(Newser) – The map of Europe's car and truck industry is set to be redrawn with Porsche's likely takeover of Volkswagen, the Financial Times reports. Porsche's board voted to boost the sports car manufacturer's stake in Volkswagen to more than 50% yesterday, only hours after Volkswagen said... Read full story »

COMMENTS

Read the comment policy

You need to Log in to Newser to comment. Don't have an account yet? Sign up now!

There are no comments

A snapshot of the day's best news stories.

View Larger Grid

All Today Yesterday Pick a Date

What's Popular Now on Facebook

Cops Shoot Naked Guy Eating Man's Face on Highway

Japanese Artist Serves Up Own Cooked Genitals

Financial Times (UK) (Source Grid »)
Associated Press (Source Grid »)

Move indicates German government is dropping VW protection
Detroit News

Auto empire could rival, surpass Toyota and GM
Guardian (UK)

Money

Europe • merger • Volkswagen • auto industry • Porsche • auto sales • Scania

More Newser Stories

Porsche, VW to Merge

Luxury maker fails in takeover attempt

(NEWSER) - Porsche has announced it will merge with Volkswagen after weeks of negotiation between the two German carmakers, reports the BBC. The deal puts an end to Porsche's efforts to take over VW. Porsche already owns a majority stake in the company. While details of the merger remain unclear, VW's individual brands—including Audi, Bentley and Lamborghini—will coexist alongside Porsche. Analysts describe the merger as a climbdown for Porsche, which had originally planned to acquire a 75% stake in Volkswagen. More»

GM Reclaims World's No.1 Spot

2011 disasters knock Toyota into 3rd place

(NEWSER) - General Motors is back on top of the world less than three years after its bankruptcy and restructuring. The company is once again the world's top-selling automaker, with 9 million sales worldwide in 2011, almost a million more than second-placed Volkswagen. Toyota, which took top spot from GM in 2008, fell into third place after production cuts caused by the earthquake and tsunami in Japan and flooding in Thailand. More»

Car Sales Jumped 14% Last Month

Chrysler, VW saw huge gains

(NEWSER) - Americans may be worried about the economy, but they still need to get where they’re going. Auto sales beat expectations last month, rising 14% to 994,721, their fastest sales pace since August 2009, reports the AP . Chrysler led the pack: The automaker’s sales jumped 45%, Reuters reports. Close behind was Volkswagen, whose sales soared 41%; Hyundai, Nissan, and Ford also saw double-digit gains. More»

Germany's Scheme to Scrap Cars Sparks Sales Explosion

Sales mostly go to small cars

(NEWSER) - Automakers are running out of gas all over the world—except in Germany. Volkswagen expects to have its best February ever, selling 120,000 cars, while GM subsidiary Opel has sold 40,000, its best month in 5 years, Der Spiegel reports. It’s all thanks to the scrapping bonus,” a government program that gives consumers $4,500 to junk their old rides. One thing: They must immediately buy a new car. More»

Eyeing US Market, VW Plans Tenn. Plant

Company hopes Chattanooga factory will improve market share

(NEWSER) - Volkswagen will invest around $1.6 billion to build a factory in the US—20 years after the closure of its last plant, Der Spiegel reports. VW hopes to have the plant, located in Chattanooga, Tenn., running by 2011, and operating at a rate of 150,000 cars per year. The company ambitiously hopes to increase US sales to 800,000 by 2018. More»

NEWS FROM OUR PARTNERS

What is Newser?

Face it: there's too much news. At Newser, we choose the most thought-provoking and entertaining stories from hundreds of US and international sources and reduce them to a headline, picture, and two paragraphs. And we do it 24/7—you can come back morning, noon, night (and in between) for something new that matters. Read less, know more.

Learn more »

Partnering with: Slate

View Newser on the mobile website

Porsche Speeds to $225B Euro Empire

VW acquisition would create Europe's biggest car & truck company

Europe • merger • Volkswagen • auto industry • Porsche • auto sales • Scania

MOST POPULAR STORIES

[ By Views ]

[ By Comments ]

More Newser Stories

Porsche, VW to Merge

Luxury maker fails in takeover attempt

GM Reclaims World's No.1 Spot

2011 disasters knock Toyota into 3rd place

Car Sales Jumped 14% Last Month

Chrysler, VW saw huge gains

Germany's Scheme to Scrap Cars Sparks Sales Explosion

Sales mostly go to small cars

Eyeing US Market, VW Plans Tenn. Plant

Company hopes Chattanooga factory will improve market share

About Us

Site

Community

Site Maps

Tools

More News

What is Newser?