Andrew, one of our avid PorschePerfect.com readers, mentioned this in one of his comments earlier today. I’ve been watching this here and there, but now it looks like things are progressing forward. Porsche and VW are making plans to tie the knot.
Here’s a snippet from WSJ.com:
FRANKFURT (Dow Jones)–Porsche Automobil Holding SE (PAH3.XE) and Volkswagen AG (VOW.XE), two of the storied names in Germany’s car-making history, said Wednesday they plan to merge their operations, creating an integrated auto giant with 10 independent brands, including Porsche’s coveted sports-car operations.
Following a meeting of Porsche’s owner families – Porsche and Piech – the company said in a statement that a task force is set to establish within the next four weeks the basis for a merged company.
Seems like both Porsche and VW have heavily involved families, which is good, but you have to wonder what impact this would have on the future of Porsche. Although I could think of much worse scenarios in terms of a mate for Porsche.