No influence on old Porsche values .....
.... but what if VW needed cash and sold Porsche shares back to Porsche and it became a private company again.... OK, we can dream, right?
No influence on old Porsche values .....
.... but what if VW needed cash and sold Porsche shares back to Porsche and it became a private company again.... OK, we can dream, right?
Haasman
Registry #2489
R Gruppe #722
65 911 #302580
70 914-6 #9140431874
73 911s #9113300709
Actually the VW dealer network will make a killing on this. There is tons of money in this for them by by re-charging marked up parts and dealer shop labor to VW for handling all the emissions related work on all the customer owned vehicles like: re-flashing ECUs with compliant programming, adding/deleting equipment, emissions testing etc. The only way for VW to get the cars compliant is to work through the dealer network and the dealers know it.
We all know how the dealers work their customers on service by doing 2 hours "book labor" in 30 minutes and getting over at least 80 hours out of each tech in a 40 hour week; they do the same with the OEMs! VW get ready...
Early 911S Registry
Looking for engine 960 168
Looking for gear box 103 165
Member #2768 http://www.no-speedlimit.it
- 1973 Biancaneve - 911 2.4 S/F Ivory
- 1977 Fiona - 911 Carrera 3.0 Oak Green Metallic
- 1993 Bellatrix - 964 Turbo 3.6 Black
I keep a registry of 1972 and 1973 2.4 S coupé chassis. Infos always welcome!!!
TDI forum thread... currently 160+ PAGES! in about 5 days....
http://forums.tdiclub.com/showthread...48053&page=161
Eric
2001 Golf TDI (ALH engine)
2013 Golf TDI (not taking it to the dealer again... if I can at all help it)
-Marco
SReg. #778 OGrp: #8 RGrp: #---
TLG Auto: Website
Searching for engine #907495 and gearbox 902/1 #229687
Jokingly,
In a panic, VW hires Wiedeking to save the company! ...
Lee
302340
Member #1277
http://www3.epa.gov/otaq/cert/docume...a-09-18-15.pdf
ongoing since 2009!
the recall of half a million cars was in 2014.
Piech since then official "ich bin auf distanz..."
.......
they all knew, as a recall of this size has to be reported up to all levels of exec management and also the reason for this desaster.
Last edited by haul; 09-22-2015 at 09:20 AM.
59 750 pre unit triton
63 650 gray silver bikinitub triumph thunderbird
70 650 astralred silver triumph bonneville
65 912 slate gray "erwin"
73 914 ravennagreen "ferdl"
erwin_loves_polo
but isnt the Porsche Holding -owned by Piech/Porsche family itself- actually the biggest shareholder (at 51%ish) of VW ?
Behind them is then the state of Niedersachsen and a fund of Qatar. I beleive the rest is at Blackwater and then smaller shares.
So in one or another, the Piech/Porsche familys "own" both VW and Porsche themselves. A car (Beetle) developed by grandfather's office and the Wolfsburg Volkswagen factory initially run by the father of Piech, Anton Piech (VW) or founded by a uncle, Ferdinand (Porsche). And son/nephew Ferdinand Piech later running Audi and then VW himself, before Winterkorn took over.
After all and as haul said, it was Piech who reported some months ago he will go "on distance to Winterkorn".
Piech was heavenly critised why he would now be "against" exAudi-guy Winterkorn as they planned that CEO Winterkorn would soon replace Piech at the VW board….Piech later stepped immediatly down on all his power he had at VW (but not at Porsche Holding) when Winterkorn continued to stay in charge, helped by the labor unions as well as state politicials, both also represented at the board.
I guess Piech saw all this coming and even he couldnt prevent the current situation and stock de-values, he did not wanted to be involved with his name when it comes public.
Last edited by 911T1971; 09-25-2015 at 12:22 PM.
Registry member No.773
911T1971 has this right... Classic Germanic business deal:
... family and business cartels that largely divide the marketplace into spheres of influence
... inter-related with government to give them protected status. Both the labor unions and the government of Lower Saxony BOTH own massive shares in VW/Audi
... protectorate businesses through contracts or via direct ownership. Porsche is a classic example... either owned or having huge engineering contracts that guarantee the security of both companies.
... an overlapping with an intermingled web of hedge fund investments and investors
Bottom line: NOTHING is going to happen to VW or any of its protectorates. Too many have too much skin in the game. In fact, I would not be shocked if some in the greater VW universe were not using the short term depressed stock price to stock and increase their position.