jase's blog

Porsche set to buy control of VW

2008-03-04T11:38:00.001Z

Porsche has said it will take a controlling stake in Volkswagen, in a deal that is potentially worth almost 10bn euros ($15.2bn, £7.7bn).

The maker of the luxury 911 sports car already holds 31% of VW shares. On Monday, its supervisory board agreed to raise the stake to above 50%.

In a separate deal, Volkswagen said it will buy a controlling stake in Swedish truck maker Scania for $4.4bn.

The two deals will create a huge auto business under Porsche's control.

Strong influence

But Porsche says it is not planning to merge with Volkswagen.

"Our aim is to create one of the strongest and most innovative automobile alliances in the world, which is able to measure up to the increased international competition," Porsche chief executive Wendelin Wiedeking said.

Porsche has argued that it needs a strong influence at VW, which makes components for a third of Porsche cars.

Regulators will look at the deal over the next few months.

Porsche's move was made possible by a ruling by Europe's highest court last year, which rejected a German law that limited shareholdings in VW.

Volkswagen's second biggest shareholder, the state of Lower Saxony, said it would keep its 20% stake.

The German government is debating a law that would help Lower Saxony and workers maintain their influence at Volkswagen, which is one of the nation's biggest employers.

Story from BBC NEWS:
http://news.bbc.co.uk/go/pr/fr/-/1/hi/business/7275703.stm

here it is our new AD

2007-12-17T14:24:00.000Z

it's coming

2007-12-17T13:37:00.000Z

YES our new AD is imminent .

and here's the old one

I'm waiting for monkey soldiers and bodyguards.

2007-08-14T13:04:00.001Z

can't wait to see this.....

2007-08-13T10:26:00.000Z

This is VERY, very SCARY ..

2007-07-18T12:27:00.000Z

unpimp your car - Iliked this

2007-07-13T10:45:00.000Z

This is COOL

2007-05-31T13:55:00.000Z

Is it really May

2007-05-01T09:04:00.000Z

Well I'm sat looking out the office window (working very hard)at the fantastic weather and I suddenly thought if May is like this whats July and August going to be like?...

saw this today and thought it was funny

2007-03-30T11:40:00.000Z

reply to anonnymouse

2007-03-29T08:42:00.000Z

The lovely julz' blog will be updated later. So you will be able to follow her gripping adventures in India.
And the Kiwi you commented on is her fiance , Bryan.

oh mi god a kiwi

2007-03-16T16:22:00.000Z

enjoy fun games

2007-02-28T16:14:00.000Z

my dream car

2007-01-29T12:41:00.000Z

This is my dream car ...... pic from www.astonmartin.com

This is the real one for the 3rd film

2007-01-25T09:54:00.000Z

this is very funny

2007-01-24T17:40:00.000Z

you never know when you'll need it

2007-01-18T16:47:00.000Z

wot to blog

2007-01-16T13:37:00.000Z

oh woe is me ..... wot do i blog ...

still a brilliant ad

2007-01-09T16:19:00.000Z

what some people say

2007-01-08T10:46:00.000Z

I thought you might like to see what some people have said about our ad

'Very good :) '

'That ad is savage, frightened the crap out of me when the ramp dropped.'

'Thanks for funny movie... :)'

2007-01-03T14:07:00.000Z

If you can't see the ad click on the links below

youtube

my space

google video

OUR FIRST AD

2007-01-02T14:28:00.000Z

Wot's going to be on my blog

2006-12-06T12:39:00.000Z

Cool (hopefully) and Funny stuff I'm gonna trawl the web for. Any ideas gratefully accepted... Nothing rude though...

new

2006-11-30T15:40:00.000Z

Hi ... I'll blog as often as possible about different things like using the site and even the internet for those that want to know.