A giant automotive and heavy weights is going to see the light of day in Germany
A giant automotive and heavy weights is going to see the light of day in Germany. The supervisory board of Porsche gave Monday 3 March, the green light to take control of Volkswagen (VW), which already holds 30.96%. At the same time, VW announced the acquisition, for 2.9 billion euros, the manufacturer Scania lorry.
This double announcement paves the way for the establishment of an industrial empire, which will run from the legendary Porsche 911 trucks of 16 tons through the Golf. A gigantic set weighing 150 billion euros.
After several months of discussions, VW has managed to convince the original shareholder of Scania, Investor, a holding company owned by the Wallenberg family, to sell its shares. Thanks to this operation, the first European car manufacturer to ensure an absolute majority of the voting rights (68.6%) and amounted to 37.7% of the capital compared with about 21% previously.
VW has thus well positioned to convene a grand alliance in the area of heavy goods vehicles between Scania, the German MAN, which he owns 29.9% and its truck business in Brazil. If he was born, the new entity would be propelled European number one vehicle to the general industrial Swedish Volvo-Renault Trucks. But for the time being, no question of merger. "We continue to believe in the potential of a union. But it does not matter, neither now nor in the near future," said Dieter Pötsch, finance director of VW.
But in the eyes of analysts, such a combination is now a matter of time. "Volkswagen is well known that an alliance would interesting synergies and the band will surely, in the coming months, increasing its stake in MAN," says Ferdinand Dudenhöffer, director of the Center of Automotive in Gelsenkirchen. "The question is whether its majority shareholder Porsche will not decide to take himself a lead role," he says.
In any event, Ferdinand Piëch, chairman of the supervisory board of VW and principal shareholder of Porsche, is going to be his dream to create a giant transport happen. "Our goal is to create alliances automobiles most innovative and most productive in the world, able to measure up to international competition increasingly harder," said Wendelin Wiedeking, CEO of Porsche, which says to write , with VW, "a new chapter in automotive history in the context of a fair and collegial cooperation." It remains to make this new giant on the industrial and social plan. The bold gamble looks
This double announcement paves the way for the establishment of an industrial empire, which will run from the legendary Porsche 911 trucks of 16 tons through the Golf. A gigantic set weighing 150 billion euros.
After several months of discussions, VW has managed to convince the original shareholder of Scania, Investor, a holding company owned by the Wallenberg family, to sell its shares. Thanks to this operation, the first European car manufacturer to ensure an absolute majority of the voting rights (68.6%) and amounted to 37.7% of the capital compared with about 21% previously.
VW has thus well positioned to convene a grand alliance in the area of heavy goods vehicles between Scania, the German MAN, which he owns 29.9% and its truck business in Brazil. If he was born, the new entity would be propelled European number one vehicle to the general industrial Swedish Volvo-Renault Trucks. But for the time being, no question of merger. "We continue to believe in the potential of a union. But it does not matter, neither now nor in the near future," said Dieter Pötsch, finance director of VW.
But in the eyes of analysts, such a combination is now a matter of time. "Volkswagen is well known that an alliance would interesting synergies and the band will surely, in the coming months, increasing its stake in MAN," says Ferdinand Dudenhöffer, director of the Center of Automotive in Gelsenkirchen. "The question is whether its majority shareholder Porsche will not decide to take himself a lead role," he says.
In any event, Ferdinand Piëch, chairman of the supervisory board of VW and principal shareholder of Porsche, is going to be his dream to create a giant transport happen. "Our goal is to create alliances automobiles most innovative and most productive in the world, able to measure up to international competition increasingly harder," said Wendelin Wiedeking, CEO of Porsche, which says to write , with VW, "a new chapter in automotive history in the context of a fair and collegial cooperation." It remains to make this new giant on the industrial and social plan. The bold gamble looks
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