Volkswagen Group Officially Buys 90% Stake In Italdesign Giugiaro

Business

Seow Yaohan | May 26, 2010

True to what was reported last week, Volkswagen Group has made a formal announcement regarding the purchase of a 90.1 percent stake in Italdesign Giugiaro, Italy's legendary and largest design and engineering firm responsible for designing the very first Volkswagen Golf and Proton ...

Porsche Scraps Plans For Cheaper, Smaller SUV

Future

Rumors

Seow Yaohan | March 23, 2010

If you have been looking forward to and saving for a cheaper, smaller Porsche SUV positioned below Cayenne, ever since reading what Volkswagen Group chairman Martin Winterkorn said two months ago. Well, you are going to be massively disappointed with the latest ...

Entry-Level Porsche Confirmed As Being Evaluated

Future

Rumors

Seow Yaohan | January 28, 2010

What was rumoured months ago has now been confirmed. Talking to Autocar in Wolfsburg, Volkswagen Group chairman Martin Winterkorn confirmed that an entry-level Porsche positioned below Boxster is being evaluated. “We are also investigating opportunities for a smaller sports car and a smaller ...

Volkswagen To Buy 49.9% Of Porsche For RM 19.9 Billion; A Full Merger By 2011

Business

Seow Yaohan | October 22, 2009

With an economy recovery seemingly on the horizon, Volkswagen has decided to up the stakes in Porsche from the initially agreed 42 percent to 49.9 percent, paving the way for a full merger by 2011. Volkswagen is expected to pay around € 3.9 ...

Volkswagen Takes Over Porsche; Now Aims For World Number One Position

Business

Seow Yaohan | August 17, 2009

Volkswagen will now buy 42 percent of Porsche for USD 4.7 billion (RM 16.5 billion), with an eye towards a full merger by 2011, the two companies recently announced. Similar to how Audi was brought under the Volkswagen umbrella, Porsche will be a subsidiary under ...