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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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traindude Champion Author Virginia Beach Posts:3,310 Points:780,175 Joined:Jun 2007	Message Posted: Jul 6, 2009 12:25:43 AM Ignore traindude Report Abuse i still remember the last "project" they did together...horrible
DeeZill Champion Author Tucson Posts:2,296 Points:495,465 Joined:Jul 2008	Message Posted: Jul 6, 2009 12:18:45 AM Ignore DeeZill Report Abuse I fail to see how this affects us, if at all. This country's auto industry has enough problems as it is.
heysailor Champion Author Pittsburgh Posts:4,640 Points:1,353,120 Joined:Mar 2006	Message Posted: Jul 5, 2009 11:26:08 PM Ignore heysailor Report Abuse Mmene hit the nail on the head; we are mortgaging our future with peole who don't much like us. Conserve! The oil doesn't do them any good if it's left sitting in the ground.
hurstolds79 Rookie Author Dallas Posts:46 Points:127,370 Joined:Jun 2009	Message Posted: Jul 5, 2009 11:10:26 PM Ignore hurstolds79 Report Abuse I want to know what these people who say buy American drive...any takers?
mmene Champion Author Houston Posts:2,550 Points:581,470 Joined:May 2008	Message Posted: Jul 5, 2009 10:00:16 PM Ignore mmene Report Abuse More western assets flowing to the Gulf countries.
jimnecci Champion Author Virginia Posts:6,699 Points:1,492,490 Joined:Jan 2006	Message Posted: Jul 5, 2009 8:53:34 PM Ignore jimnecci Report Abuse Sounds like a family affair!
billsandi Champion Author Lexington Posts:7,572 Points:1,408,225 Joined:Aug 2005	Message Posted: Jul 5, 2009 5:15:06 PM Ignore billsandi Report Abuse Heck, I'd just seek a bailout from the US. :)
netman044 Champion Author Texas Posts:3,844 Points:646,060 Joined:Sep 2005	Message Posted: Jul 5, 2009 5:12:39 PM Ignore netman044 Report Abuse Sounds like Porsche has tried to buy Volkswagen whether they wanted to be bought or not. Now it has turned around to bite them in the butt.
Focus2 Champion Author Illinois Posts:3,999 Points:1,210,780 Joined:Mar 2006	Message Posted: Jul 5, 2009 5:08:37 PM Ignore Focus2 Report Abuse Buy American if you can still find it.
the_peddler Champion Author Detroit Posts:1,303 Points:349,150 Joined:Sep 2008	Message Posted: Jul 5, 2009 5:01:01 PM Ignore the_peddler Report Abuse We need to keep it in the country like the Germans do. BUY AMERICAN!!
Don1222 Champion Author Michigan Posts:6,187 Points:759,155 Joined:Jul 2008	Message Posted: Jul 5, 2009 4:52:34 PM Ignore Don1222 Report Abuse Buy American made in The USA.
Chiron All-Star Author Tucson Posts:839 Points:325,530 Joined:Aug 2008	Message Posted: Jul 5, 2009 4:51:22 PM Ignore Chiron Report Abuse What an insider, crooked deal are they up to? Oil rich Qatar and car manufacturers in bed together. Cousins fighting cousins. What a mess. Too bad because i kinda liked Porsche. Now I'm done with that.
LeeFree Champion Author Pittsburgh Posts:4,374 Points:1,290,630 Joined:Jun 2005	Message Posted: Jul 5, 2009 4:49:39 PM Ignore LeeFree Report Abuse Greed has muddled the equation.
trojanskip All-Star Author Orange County Posts:636 Points:347,480 Joined:Mar 2008	Message Posted: Jul 5, 2009 4:48:48 PM Ignore trojanskip Report Abuse no comment
MikLamb Champion Author Texas Posts:3,038 Points:1,197,190 Joined:Jun 2006	Message Posted: Jul 5, 2009 4:48:47 PM Ignore MikLamb Report Abuse What happens in Germany stays in Germany.
TBONE3 Champion Author Pennsylvania Posts:3,870 Points:1,000,670 Joined:Mar 2005	Message Posted: Jul 5, 2009 4:47:36 PM Ignore TBONE3 Report Abuse I don't want a Porsche but a VW diesel will be just fine Uncle Barock.
ach All-Star Author Illinois Posts:654 Points:331,125 Joined:Jun 2008	Message Posted: Jul 5, 2009 4:46:05 PM Ignore ach Report Abuse Out of my price range even if I wanted one, which I don't.
DrCashFlow Champion Author Massachusetts Posts:2,430 Points:691,395 Joined:Jun 2008	Message Posted: Jul 5, 2009 4:34:51 PM Ignore DrCashFlow Report Abuse energy suppliers providing capital for auto mfrs .. how appropriate.
e3p0 Champion Author Columbus Posts:2,179 Points:583,090 Joined:Mar 2006	Message Posted: Jul 5, 2009 4:29:45 PM Ignore e3p0 Report Abuse Maybe Obama will have pity on the middle class working stiff and give us a bailout by sending each one of us a new Porsche. Why not, the rest of the tarp money seems to be heading over seas.
dkinsf Champion Author San Jose Posts:2,367 Points:669,085 Joined:Mar 2007	Message Posted: Jul 5, 2009 4:29:42 PM Ignore dkinsf Report Abuse VW and Porsche have been related since Porsche was formed. This is just another round in their sibling squabbling.
DarthDadJr Champion Author Virginia Posts:3,318 Points:641,635 Joined:Jul 2008	Message Posted: Jul 5, 2009 4:28:43 PM Ignore DarthDadJr Report Abuse Has no affect on me or the US...what the heck, let the Arabs spend their oil money!
georgeo Champion Author California Posts:2,491 Points:101,385 Joined:May 2009	Message Posted: Jul 5, 2009 4:26:17 PM Ignore georgeo Report Abuse Too bad Bush is still not in office, he could buy me a Porsche.
BigBobOH Sophomore Author Cleveland Posts:217 Points:102,710 Joined:Mar 2009	Message Posted: Jul 5, 2009 4:23:27 PM Ignore BigBobOH Report Abuse I have to say I agree with BillHeatherL
BigBobOH Sophomore Author Cleveland Posts:217 Points:102,710 Joined:Mar 2009	Message Posted: Jul 5, 2009 4:22:24 PM Ignore BigBobOH Report Abuse All I want to know is,, Can't we all just get along.
BillHeatherL Champion Author Alberta Posts:2,751 Points:978,135 Joined:Apr 2007	Message Posted: Jul 5, 2009 4:22:18 PM Ignore BillHeatherL Report Abuse who cares
mandoid Champion Author Colorado Springs Posts:2,884 Points:610,655 Joined:May 2008	Message Posted: Jul 5, 2009 4:22:08 PM Ignore mandoid Report Abuse its a small, small world
BlueVanGroup Champion Author Colorado Posts:2,238 Points:571,435 Joined:May 2008	Message Posted: Jul 5, 2009 4:09:49 PM Ignore BlueVanGroup Report Abuse Partnership (noun): two companies whose hands are so deep in each other's pockets they cannot independently plunder a third.
hockeydadOH Sophomore Author Cincinnati Posts:201 Points:69,810 Joined:Jun 2009	Message Posted: Jul 5, 2009 4:07:28 PM Ignore hockeydadOH Report Abuse Welcome to our world...
dks458 Sophomore Author Boston Posts:128 Points:333,480 Joined:Apr 2008	Message Posted: Jul 5, 2009 3:39:13 PM Ignore dks458 Report Abuse and I thought they were One big happy family
jmuse Champion Author Long Island Posts:2,219 Points:445,370 Joined:May 2008	Message Posted: Jul 5, 2009 3:18:46 PM Ignore jmuse Report Abuse I have no idea what some people are talking about. None of the three parties are American and Obama is not mentioned in the article, yet he still gets a mention in someone's reply.
Lizzylou Champion Author Stockton Posts:4,509 Points:1,498,905 Joined:Oct 2005	Message Posted: Jul 5, 2009 3:14:01 PM Ignore Lizzylou Report Abuse Seems to be that merging is the way of the future!!
Ken2OD Champion Author Grand Rapids Posts:4,073 Points:994,535 Joined:Dec 2005	Message Posted: Jul 5, 2009 3:08:48 PM Ignore Ken2OD Report Abuse Wow! What a chance for Premier Barack to bail out another car company, and a premium one at that. Bail away, Barack.
milespergallon Champion Author Illinois Posts:4,973 Points:1,046,195 Joined:Feb 2007	Message Posted: Jul 5, 2009 3:05:23 PM Ignore milespergallon Report Abuse Why does a site focused on fuel be discussing this? No reason what so ever!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
weenerdog Champion Author Detroit Posts:4,913 Points:937,895 Joined:Jan 2008	Message Posted: Jul 5, 2009 3:04:34 PM Ignore weenerdog Report Abuse Who knows who owns what anymore?
DeHavilland Champion Author Toronto Posts:3,214 Points:1,001,695 Joined:Jun 2007	Message Posted: Jul 5, 2009 3:00:43 PM Ignore DeHavilland Report Abuse Fighting over who can make the most cash.
915Chief Champion Author San Diego Posts:3,620 Points:710,825 Joined:Aug 2008	Message Posted: Jul 5, 2009 2:57:07 PM Ignore 915Chief Report Abuse It's speculation at this point so squabble away...
bigmacatac Champion Author St. Louis Posts:2,995 Points:628,100 Joined:Oct 2008	Message Posted: Jul 5, 2009 2:56:42 PM Ignore bigmacatac Report Abuse and they get bigger still
Jizme Champion Author Lincoln Posts:4,903 Points:1,926,140 Joined:Oct 2004	Message Posted: Jul 5, 2009 2:56:36 PM Ignore Jizme Report Abuse Poop Babies, They need to grow up.
fairchildd Champion Author Kansas City Posts:4,033 Points:975,265 Joined:Aug 2007	Message Posted: Jul 5, 2009 2:53:58 PM Ignore fairchildd Report Abuse let them squabble - I'm not buying their cars anyway
ThatHunt Champion Author Dallas Posts:2,585 Points:1,221,730 Joined:Jul 2006	Message Posted: Jul 5, 2009 2:53:57 PM Ignore ThatHunt Report Abuse this will be interesting to watch.
kyrunner Champion Author Lexington Posts:3,906 Points:720,735 Joined:Aug 2008	Message Posted: Jul 5, 2009 2:53:50 PM Ignore kyrunner Report Abuse Maybe with a Qatar involvement they can race camels against those Porsch's across those huge sand dunes! Article has nothing to do with gas prices!
eagleeye2008 Champion Author Wisconsin Posts:3,992 Points:757,240 Joined:Jul 2008	Message Posted: Jul 5, 2009 2:51:04 PM Ignore eagleeye2008 Report Abuse THE WHOLE DAMM INDUSTRY IS "UP-FOR-GRABS",,WHERE & WHEN WILL IT END ???
WVPhoenix Champion Author Charleston Posts:6,624 Points:1,015,960 Joined:Jan 2006	Message Posted: Jul 5, 2009 2:46:50 PM Ignore WVPhoenix Report Abuse VW is certainly more affordable.
hank1326 Champion Author Los Angeles Posts:4,079 Points:767,250 Joined:Jun 2008	Message Posted: Jul 5, 2009 2:46:18 PM Ignore hank1326 Report Abuse My '98 VW Passat gets over 30 mpg with over 150K in milage. Love everything about the car with slight reservation on the maintenance cost. If and when I have the money for a new vehicle, I will check out VW and Ford.
Bussman Champion Author Dallas Posts:1,700 Points:518,490 Joined:Nov 2008	Message Posted: Jul 5, 2009 2:40:55 PM Ignore Bussman Report Abuse More inroads being made by the oil terrorists.
mckellyb Champion Author Fort Worth Posts:7,135 Points:1,283,330 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 Champion Author Stockton Posts:2,068 Points:449,115 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:9,154 Points:1,009,420 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:1,276 Points:140,350 Joined:Aug 2008	Message Posted: Jul 5, 2009 2:27:15 PM Ignore pitchingcoach Report Abuse Can't afford Porsche anyway.