Official: Volkswagen Completes Porsche Takeover

2012 Porsche Boxster S

It’s been a long battle. It all started with Porsche aiming to take over much bigger Volkswagen. At one point tables turned and finally government authorities have approved the move which allowed Volkswagen to create the Integrated Automotive Group.

“The path is now finally clear for a bright future together. Even closer cooperation will enable us to significantly strengthen Volkswagen and Porsche, and further expand the Group’s product portfolio with fascinating new vehicles”, said Prof. Dr. Martin Winterkorn, Chairman of Volkswagen Aktiengesellschaft’s Board of Management, in Wolfsburg on Wednesday.

“The unique Porsche brand will continue to develop successfully under Volkswagen’s multibrand strategy and proven decentralized management structure. Porsche will retain its own identity and operational independence, just like all of the other Group brands”, said Winterkorn.

Obviously it does not mean much to anyone who is not closely involved with the two. Volkswagen and Porsche are already sharing platforms and will continue to do so. Same thing with engines. So far it has been one sided – Porsche is using VW Group engines and platforms, but that will likely change soon…

PRESS RELEASE (click to expand)


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