» Volkswagen remains in control amidst possible Porsche take over | Volkswagen Blog | Dubautoparts

Volkswagen remains in control amidst possible Porsche take over

Forbes.com recently reported that the chief executive of Volkswagen, Martin Winterkorn, said the company will still be an independent body if Porsche AG takes over.

According to Winterkorn, “Volkswagen is one of the most well-known and desirable brands in the world.”

“It represents immense value.”

Last September, Porsche chief executive Wendelin Wiedeking, stated that the company has ample funds to acquire a larger share in Volkswagen and increase its present 50 percent share.

Winterkorn however stated that its relationship with Porsche may get better as they may work together in developing some car parts like automotive electronics. “Automotive electronics are an interesting division with high potential for synergies,” he said. “Electronics will soon account for 30 percent of a car’s cost, and the development costs are relatively high,” he added. Winterkorn also said that using similar technology on more cars can help reduce production costs.

Commenting on the recent EU Court of Justice illegal ruling of the Volkswagen, Winterkorn later said that Volkswagen has no reason to be alarmed. This “Volkswagen law” pertains to the rule that a shareholder only gets a maximum of 20 percent voting rights in spite of how large the shares.

Meanwhile, Winterkorn confirmed Volkswagen’s plans increasing its vehicle line of SUVs, vans and off-road vehicles. According to him, the modular building blocks used to design cars are to be thanked for, saying, “We have entirely new opportunities to make niche models at low cost and with very good profit margins.”

This story is based on the report by Forbes.com

This entry was posted on Saturday, October 27th, 2007 at 12:02 pm and is filed under Uncategorized. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

Leave a Reply

southwest airlines united airlines american airlines continental airlines northwest airlines delta airlines singapore airlines graphic airlines flight tracker midwest airlines frontier airlines alaska airlines spirit airlines jet blue airlines how do i track a delta airlines flight malaysian airlines delta airlines sacramento atlanta delta airlines schedules ata airlines america west airlines southeast airlines virgin airlines tiger airlines continential airlines hawaiian airlines allegiant airlines emirates airlines malaysia airlines thai airlines philippine airlines southwest airlines fares zoom airlines indian airlines us airlines copa airlines quantas airlines china airlines monarch airlines aloha airlines cheap airlines turkish airlines south west airlines conviasa airlines discount airlines reasons airlines go bankrupt soutwest airlines continental airlines flights arrivals departures alligiant airlines klm airlines continental airlines international flights arrivals departures olympic airlines lufthansa airlines iberia airlines asiana airlines air tran airlines airtran airlines sun country airlines copa airlines arrivals korean airlines bankrupt airlines 2007 mexicana airlines copa airlines arrival information american airlines home page uk airlines austrian airlines kingfisher airlines copa airlines flight arrival information copa airlines flight arrivals north west airlines sas airlines qatar airlines skybus airlines etihad airlines tiger airlines australia jetblue airlines mesa airlines lacsa airlines scandinavian airlines alaskan airlines continental airlines reservation ted airlines swiss airlines china southern airlines eva airlines new zealand airlines cathay pacific airlines sky bus airlines czech airlines skywest airlines cebu pacific airlines southwestern airlines british airlines china eastern airlines japan airlines philippines airlines rex airlines song airlines tam airlines zoom airlines uk canada zoom airlines website ethiopian airlines major airlines brussels airlines go airlines aegean airlines sw airlines taca airlines international airlines zoom airlines canada qantas airlines vietnam airlines eos airlines zoom uk airlines zoo airlines low cost airlines northwest airlines homepage zoom airlines to bermuda zoom airlines canada toronto zoom airlines toronto charter airlines zoom airlines uk nw airlines big sky airlines caribbean airlines horizon airlines zoom zoom airlines phillipines airlines airlines marketing strategy direct contential airlines flyzoom airlines airlines to england airlines to uk zoom airlines bermuda cheapest airlines american airlines center airlines low cost london airlines south african airlines avianca airlines northwestern airlines express jet airlines virgin america airlines phillipine airlines mesaba airlines virgin blue airlines fly zoom airlines pacific blue airlines airlines zoom continental airlines home page cheap flight airlines airlines to canada australian airlines virgin airlines australia airlines discounts usa 3000 airlines hawaiin airlines american eagle airlines midwest express airlines alleigiant airlines flight airlines southwest airlines kyla ebberts mango airlines cyprus turkish airlines lot airlines garuda airlines airlines to london american airlines vacations singapore airlines australia air trans airlines el al airlines american west airlines swiss international airlines bermuda airlines continetal airlines virtual airlines with teamspeak southwest airlines reservations lan airlines klm royal dutch airlines replica philippine airlines westjet airlines virgin blue airlines australia northwest airlines to canada expressjet airlines american airlines flight status united airlines flights contiental airlines airlines tickets oasis airlines ana airlines southwest airlines airfares airbus airlines indigo airlines virtual airlines american airlines flight 191 american airlines promotion code atlantic southeast airlines sothwest airlines american airlines reservations ethihad airlines iberian airlines virgin atlantic airlines pics of airlines continental airlines arena alitalia airlines allegient airlines liat airlines emirate airlines budget airlines america airlines republic airlines hawaii airlines mohawk airlines canadian airlines list of all airlines airlines that offer military discounts jetstar airlines airlines in indonesia bmi airlines kuwait airlines sprint airlines australia airlines freedom airlines united airlines reservations great lakes airlines north american airlines southwest airlines tickets united airlines intranet northwest airlines in detroit royal jordanian airlines eastern airlines american airlines promotional codes pacific coastal airlines icelandic airlines united airlines flight information porter airlines ryan airlines pinnacle airlines lao airlines saudi arabian airlines piedmont airlines air pacific airlines smoking airlines european airlines united airlines schedule automated boarding pass southwest airlines united airlines flight status delta airlines jobs hooters airlines sri lankan airlines united airlines boston logan airport airlines in singapore spirt airlines psa airlines tap airlines fronteir airlines american airlines dc 10 plane crash chicago 1979 united airlines mileage plus continental airlines reservations most used airlines delta airlines reservations quatar airlines allegiance airlines americawest airlines alliance airlines sansa airlines polish airlines airlines which fly to california from new mexico airtrans airlines united airlines employment american airlines arena all nippon airlines contenental airlines mexican airlines bahama airlines airlines hiring flight attendants scandanavian airlines alaska horizon airlines suppliers norwegian airlines lot polish airlines asian airlines american airlines website saudi airlines ltu airlines chautauqua airlines american airlines advantage miles