I should have posted this yesterday, but couldn’t bring myself to do it. The Associated Press is reporting that Porsche is indeed becoming part of Volkswagen. It looks like the merger could be wrapped up as soon as the end of summer.
Volkswagen CEO Martin Winterkorn is promising that Porsche will remain autonomous, even though it will be under the VW umbrella. Also, the Qatar investment fund is supposed to acquire 17% of VW.
I was talking about this with Jeremy (one of our avid PorschePerfect.com readers) this morning and after some conversation, I came to the realization that this is just one of those things that probably was going to happen one way or another. In some ways, Porsche didn’t have a choice but to go after VW. They could benefit greatly from VW’s technology and R&D.
The other option, keeping their noses to the grindstone, would likely have led to problems given the economy. This could have led to a similar situation. It’s also interesting to consider that Porsche and VW have already worked closely together on projects sharing technology and processes.
Regardless, I don’t think anyone LOVES the idea of Porsche becoming part of a 10 brand conglomerate, but how many independent automakers do we still have left in the world? Course I’m saying the same stuff I’ve said before, so I’ll stop there.
Volkswagen mentioned one final thing worth mentioning that has the potential of completely altering Porsche as we know it. They added a statement about the “gradual involvement of Volkswagen in Porsche”.