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Porsche-Volkswagen showdown looms

CNN Money -- FRANKFURT (Reuters) -- Porsche's squabbling owners are set to discuss an investment by Qatar in the next two weeks, a milestone which could change the dynamics of a Porsche/Volkswagen merger, people close to the talks said.

A decision on Qatar's entry may come even before key family members are set to gather at a Volkswagen supervisory board meeting on July 15, and a day later for the centenary celebrations at VW unit Audi, the people said.

Spokesmen for Porsche and VW declined to comment.

A successful investment from Qatar could strengthen Porsche Chief Executive Wendelin Wiedeking's negotiating hand as he tries to strike a deal with VW

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Submitted Jul 05, 2009 By: captngasTN

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mckellyb Champion Author Fort Worth Posts:5,245 Points:1,001,580 Joined:Sep 2005	Message Posted: Jul 5, 2009 2:38:06 PM Ignore mckellyb Report Abuse For decades, Porsche, VW, and Audi have shared parts amongst themselves. They are not separate like most Americans see Ford, GM, and Chrysler. There are too many auto companies on this rock, anyway. The first to go away should be Geeley.
krell58 Champion Author Missouri Posts:5,792 Points:1,143,705 Joined:Apr 2006	Message Posted: Jul 5, 2009 2:38:00 PM Ignore krell58 Report Abuse Too expensive.
fitwit All-Star Author Stockton Posts:802 Points:177,605 Joined:May 2009	Message Posted: Jul 5, 2009 2:33:40 PM Ignore fitwit Report Abuse I have noticed that VW is not the little inexpensive tiny machine with the cutest ad's, they are getting more and more expensive but now they will they match up to porche prices?
matman01 Champion Author Detroit Posts:7,197 Points:742,445 Joined:May 2007	Message Posted: Jul 5, 2009 2:27:33 PM Ignore matman01 Report Abuse Just more proof that EVERY company is struggling these days.
pitchingcoach Champion Author Michigan Posts:1,271 Points:140,175 Joined:Aug 2008	Message Posted: Jul 5, 2009 2:27:15 PM Ignore pitchingcoach Report Abuse Can't afford Porsche anyway.
VikeFan1961 All-Star Author Dallas Posts:540 Points:285,780 Joined:Sep 2005	Message Posted: Jul 5, 2009 2:24:20 PM Ignore VikeFan1961 Report Abuse Me my Fords, Chryslers and Harley should care... Why?
eagleeye2008 Champion Author Wisconsin Posts:2,515 Points:473,315 Joined:Jul 2008	Message Posted: Jul 5, 2009 2:23:58 PM Ignore eagleeye2008 Report Abuse LET THE "SHOWDOWN BEGIN",,,,TAKE FIFTY PACES,,,,,TURN & FIRE !!!! SEE_______________, WE WILL HAVE A WINNER AFTER ALL !!!!!
Slyguy1060 Champion Author Michigan Posts:4,935 Points:970,045 Joined:Feb 2007	Message Posted: Jul 5, 2009 2:15:05 PM Ignore Slyguy1060 Report Abuse It's a whole new and scary world out there it will be interesting to see where everything falls when all is said and done.
paulydel Champion Author Delaware Posts:3,008 Points:363,545 Joined:Jan 2008	Message Posted: Jul 5, 2009 2:12:33 PM Ignore paulydel Report Abuse Frankly my dear I don't give a damn.
phurburger Champion Author Atlanta Posts:1,717 Points:363,355 Joined:Oct 2005	Message Posted: Jul 5, 2009 2:11:35 PM Ignore phurburger Report Abuse Okay, nice industry interest story and a good example of how non-government business is conducted.
OHMS Champion Author Orange County Posts:5,728 Points:624,810 Joined:May 2005	Message Posted: Jul 5, 2009 2:09:47 PM Ignore OHMS Report Abuse Has that idea has worked well in Michigan so far; would you say??
balljars Champion Author Michigan Posts:2,269 Points:453,075 Joined:Aug 2008	Message Posted: Jul 5, 2009 2:06:05 PM Ignore balljars Report Abuse We in the USA realy dont care much which way this deal goes.
thirstyauto Champion Author Milwaukee Posts:3,650 Points:355,310 Joined:Nov 2008	Message Posted: Jul 5, 2009 2:03:54 PM Ignore thirstyauto Report Abuse It's likely most things will affect gas prices.
uglytom Champion Author Florida Posts:1,787 Points:418,125 Joined:Jul 2007	Message Posted: Jul 5, 2009 2:03:44 PM Ignore uglytom Report Abuse One will EAT the other!
AnObserver Champion Author New Jersey Posts:3,167 Points:1,185,655 Joined:Sep 2005	Message Posted: Jul 5, 2009 2:02:55 PM Ignore AnObserver Report Abuse This may affect the price of my next VW but I doubt that it will impact the cost of gas I put into it.
dabuzman Champion Author Seattle Posts:2,824 Points:795,205 Joined:Apr 2006	Message Posted: Jul 5, 2009 1:45:05 PM Ignore dabuzman Report Abuse Guess this will affect gas prices. How care what they do over their. Pretty some their will be only one car maker and we'll pay the price. So we best all watch out!
skippypa Champion Author Hawaii Posts:2,062 Points:476,215 Joined:Jun 2008	Message Posted: Jul 5, 2009 1:36:43 PM Ignore skippypa Report Abuse And this will have an affect on gas prices?
Tru2psu2 Champion Author Winston-Salem Posts:3,599 Points:345,205 Joined:Feb 2004	Message Posted: Jul 5, 2009 1:32:32 PM Ignore Tru2psu2 Report Abuse Let the Europeans fight about this if they want!!
guyincognitoNY Champion Author New York Posts:1,943 Points:395,285 Joined:Sep 2008	Message Posted: Jul 5, 2009 1:30:14 PM Ignore guyincognitoNY Report Abuse what does this have to do with gas prices?
baitmn Champion Author New Orleans Posts:2,548 Points:846,750 Joined:Sep 2006	Message Posted: Jul 5, 2009 1:27:14 PM Ignore baitmn Report Abuse I guess they will be bidding farewell soon
papou Champion Author Tampa Posts:4,868 Points:755,000 Joined:Jul 2005	Message Posted: Jul 5, 2009 1:25:13 PM Ignore papou Report Abuse Yes they did and then Hitler controled them to produce cars tanks etc.
armstrmb Champion Author Houston Posts:3,889 Points:829,680 Joined:Jun 2007	Message Posted: Jul 5, 2009 1:23:39 PM Ignore armstrmb Report Abuse "Key family members" must make decisions at Volkswagen? Didn't Volkswagen start as a state-run company?
I10Express Champion Author San Antonio Posts:2,232 Points:375,395 Joined:Nov 2008	Message Posted: Jul 5, 2009 1:22:56 PM Ignore I10Express Report Abuse Making the same mistakes GM made. Growth by acquisition in a shrinking market.
dollarwatcher Champion Author Wisconsin Posts:1,544 Points:275,825 Joined:Mar 2007	Message Posted: Jul 5, 2009 1:21:48 PM Ignore dollarwatcher Report Abuse Nothing is routine in the business world anymore. Would make a good made for TV soap opera.
tmannd All-Star Author North Dakota Posts:620 Points:44,240 Joined:Feb 2009	Message Posted: Jul 5, 2009 1:20:25 PM Ignore tmannd Report Abuse uld not buy eitherone I buy chryslers
DTGas Champion Author Ontario Posts:2,069 Points:416,320 Joined:Feb 2008	Message Posted: Jul 5, 2009 1:17:03 PM Ignore DTGas Report Abuse How much for gas?
jb107 Champion Author New Jersey Posts:3,465 Points:1,372,405 Joined:Sep 2005	Message Posted: Jul 5, 2009 1:16:55 PM Ignore jb107 Report Abuse The financial news use to be about American companies. No more.
highdesertman Sophomore Author Albuquerque Posts:224 Points:654,260 Joined:Mar 2005	Message Posted: Jul 5, 2009 1:16:36 PM Ignore highdesertman Report Abuse From the article: "Ferdinand Piech, also the chairman of Volkswagen, has proposed that Porsche sell its sportscar business to Volkswagen, a move opposed by his cousin and Porsche Chairman Wolfgang Porsche." Family squabbles like this don't very often result in good business decisions. Maybe it time for the family to relinquish control before they all go down in flames.
no1doc Champion Author Milwaukee Posts:3,756 Points:526,650 Joined:Oct 2007	Message Posted: Jul 5, 2009 1:12:54 PM Ignore no1doc Report Abuse Sounds like the gunfight at OK Corral.
THEDodgeman Champion Author Denver Posts:1,592 Points:687,035 Joined:Apr 2005	Message Posted: Jul 5, 2009 1:10:48 PM Ignore THEDodgeman Report Abuse I bet Porsche will fly off the show room floors....NOT
ccycles All-Star Author Missouri Posts:807 Points:635,670 Joined:Jun 2007	Message Posted: Jul 5, 2009 1:09:33 PM Ignore ccycles Report Abuse hey BMW what's up
EOCSSEABEE All-Star Author Detroit Posts:735 Points:208,520 Joined:Oct 2008	Message Posted: Jul 5, 2009 1:04:51 PM Ignore EOCSSEABEE Report Abuse And to think, that VW was doing well w/ all of their advertising.
OnEmptyMO Champion Author St. Louis Posts:1,344 Points:412,170 Joined:Mar 2008	Message Posted: Jul 5, 2009 1:02:25 PM Ignore OnEmptyMO Report Abuse If they do merge, where will the engine go?
smoketown Champion Author Cincinnati Posts:1,867 Points:399,065 Joined:Feb 2008	Message Posted: Jul 5, 2009 12:55:50 PM Ignore smoketown Report Abuse GOOD MERGER THEY SHOULD DO WELL.
RAC110 Champion Author Massachusetts Posts:1,448 Points:996,820 Joined:Mar 2003	Message Posted: Jul 5, 2009 12:53:46 PM Ignore RAC110 Report Abuse they are fighting among themselves all the time but I think they have enough to go around for all
Prodaddy Champion Author Houston Posts:3,006 Points:753,960 Joined:May 2007	Message Posted: Jul 5, 2009 12:50:14 PM Ignore Prodaddy Report Abuse They better hope they can both survive
Minster Champion Author Wichita Posts:1,744 Points:583,345 Joined:Oct 2007	Message Posted: Jul 5, 2009 12:45:38 PM Ignore Minster Report Abuse if it helps them to get though this hard times. it would be good.
Yonkers111 Champion Author Scranton Posts:5,432 Points:417,490 Joined:Apr 2007	Message Posted: Jul 5, 2009 12:41:02 PM Ignore Yonkers111 Report Abuse Not a new relationship.
AC-302 Champion Author Los Angeles Posts:12,279 Points:1,671,415 Joined:Aug 2004	Message Posted: Jul 5, 2009 12:40:37 PM Ignore AC-302 Report Abuse Hmmm.. who designed the VW air cooled engine? Oh, yes, that's right - Dr. Ferdinand Porsche. And what three cars are marketed together and share a significant number of replacement parts? Oh, that's right Porsche, Audi and VW. They already cooperate on a number of fronts. I thought VW was a major shareholder in Porsche (and possibly the other way as well). What's the big deal? All three cars are pieces of junk in terms of reliability.
jmg144 Champion Author Maryland Posts:6,394 Points:1,757,280 Joined:Jul 2004	Message Posted: Jul 5, 2009 12:40:00 PM Ignore jmg144 Report Abuse They are prudent investors.
acknot Champion Author Seattle Posts:1,487 Points:768,300 Joined:Sep 2003	Message Posted: Jul 5, 2009 12:38:38 PM Ignore acknot Report Abuse See what dependence on foreign oil creates! Ragheads wont just be racing camels anymore!
Patch44 Champion Author Buffalo Posts:2,470 Points:637,910 Joined:Oct 2007	Message Posted: Jul 5, 2009 12:37:43 PM Ignore Patch44 Report Abuse I wonder if I can finally buy a Porshe?
seville04 Champion Author Albuquerque Posts:1,870 Points:882,680 Joined:Sep 2004	Message Posted: Jul 5, 2009 12:37:39 PM Ignore seville04 Report Abuse Yes, papagreg, I remember that too.
hartman All-Star Author Lansing Posts:640 Points:309,610 Joined:Jul 2007	Message Posted: Jul 5, 2009 12:36:21 PM Ignore hartman Report Abuse what a waste of a good sports car
gaschicCT All-Star Author Hartford Posts:928 Points:156,470 Joined:Apr 2008	Message Posted: Jul 5, 2009 12:32:53 PM Ignore gaschicCT Report Abuse WHAT???? Sell Porsche's sport cars division to VW???? Please say it ain't so!!!!!
papagreg Champion Author Sacramento Posts:1,312 Points:461,300 Joined:Jan 2008	Message Posted: Jul 5, 2009 12:30:56 PM Ignore papagreg Report Abuse I've always thought these two companies were intertwined anyway. Didn't the Porsche and volkswagen have interchangable engines back in the 70's?
cheapertvs Champion Author Richmond Posts:3,698 Points:1,478,570 Joined:Jan 2004	Message Posted: Jul 5, 2009 12:29:27 PM Ignore cheapertvs Report Abuse Soon, Qatar will own everything in Europe!
courier400 Champion Author Kansas Posts:8,529 Points:1,927,880 Joined:Mar 2004	Message Posted: Jul 5, 2009 12:27:58 PM Ignore courier400 Report Abuse yawn......
Pozole Champion Author Portland Posts:2,420 Points:471,190 Joined:Mar 2005	Message Posted: Jul 5, 2009 12:21:48 PM Ignore Pozole Report Abuse ...so just do it...
pokey469 Champion Author Hamilton Posts:1,134 Points:261,215 Joined:Sep 2005	Message Posted: Jul 5, 2009 12:21:24 PM Ignore pokey469 Report Abuse OK - but I'm not in the market for either one.
Jeepmon All-Star Author San Jose Posts:607 Points:391,045 Joined:Jul 2006	Message Posted: Jul 5, 2009 12:15:33 PM Ignore Jeepmon Report Abuse I'm on the edge of my seat.. its like a classic Hollywood showdown set in the wild wild west.. NOT
BornToulouse Veteran Author Georgia Posts:411 Points:71,315 Joined:Jul 2009	Message Posted: Jul 5, 2009 12:15:26 PM Ignore BornToulouse Report Abuse These two German companies are top-notch and world class in automotive engineering and styling as well as factory workmanship. Even so...times are hard economically worldwide. The government of Quatar is very smart to invest long-term in well-run companies. Looks like another mutually beneficial financial transaction. Nothing more. Nowadays, with global economies, anyone can invest in most any company...worldwide. The lines of "american companies", "chinese companies", "dutch companies"...are blurring. Foreign ownership becoming a majority stakeholder in many companies is increasing. Most north americans would be surprised...if they took the time to find out...what percent foreign ownership has in north american businesses. Many are at 40 percent and higher.