When Did VW Buy Porsche: Many people wonder when Volkswagen bought Porsche, a famous question in the car world. But the answer isn’t just a date. It’s a complex story about how these big German car companies are connected. Get ready to explore the interesting tale of acquisitions and control that shapes their ownership history.
When Did VW Buy Porsche
A History Of Collaboration (1970s):
Porsche and Volkswagen have been connected for a long time. They weren’t always competitors; in the 1970s, they worked together on famous cars like the Porsche 921E and 924. This teamwork back then hinted at a future where their fates would be closely linked.
The Ambitious (and Unforeseen) Porsche Takeover Attempt (2009):
Let’s jump ahead to 2009. Porsche made a daring move by trying to take over Volkswagen, which would have been a big deal in history. They bought a lot of VW shares through a company they owned, hoping to join forces completely. This surprising move surprised everyone in the car world.
But then, the 2008 financial crisis messed up Porsche’s big plans. They didn’t have enough money because of the economic problems, so they had to give up on taking over Volkswagen. Things were about to change in a big way.
VW Gradually Takes The Wheel (2009-2012):
Volkswagen saw an opportunity and started buying shares in Porsche AG, the part of Porsche that makes cars, during 2009. By December, VW owned almost half of Porsche AG, which meant they now had a big influence in the company they had once tried to take over.
The Final Lap: Full Acquisition By VW (August 1, 2012):
The big moment came on August 1, 2012. That’s when Volkswagen finished buying all the rest of the shares in Porsche AG, After that, Porsche AG became a part of the Volkswagen Group, like a little brother company.
The Plot Thickens: The Porsche SE Twist
But wait, there’s another part to the story! Things get interesting when we talk about Porsche SE, a different company owned by the Porsche and Piech families. Even though it’s not the same as Porsche AG, it still owns a big part (more than half of the voting rights) of Volkswagen AG itself.
A Unique Ownership Structure Is Born:
This tangled web of ownership makes things really interested. Even though Volkswagen bought Porsche AG, Porsche SE (with its majority voting power in VW) still lets the Porsche and Piech families have a big say in what happens at Volkswagen. It’s a special way of running things in the car industry.
When Did VW Buy Lamborghini
Forget the idea of just buying Lamborghini in one go. It wasn’t that simple. Everything happened in 1998. After Talking for a long time, Volkswagen Group finally got Lamborghini on July 10th that year. This was a smart move because Lamborghini became the third fancy brand in Volkswagen’s group, along with Bentley and Bugatti. This wasn’t just about showing off; Lamborghini got help from Volkswagen’s money and skills in selling cars. Also, Audi, which is part of Volkswagen, got even better at technology.
A Story Of Ambition, Collaboration, And Paradox:
The Porsche and Volkswagen ownership story is all about big dreams, working together, and a twist that surprises everyone. It shows how things in the car world can get really complicated and always changed. Even though August 1, 2012, was a super important day, the bond between Porsche and Volkswagen is still a fascinating example of how their destinies are connected.
