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      09-30-2005, 11:18 AM   #1
Left Lane News
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Rumors suggest Chrysler wants stake in VW

http://www.leftlanenews.com/?p=80

DaimlerChrysler wants to buy a stake of around 20 percent in Volkswagen, a German magazine reported Friday. A board source at Daimler told Reuters, however, that there were no plans to buy a stake, while its commercial vehicles chief Andreas Renschler called the report "pure speculation."

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      09-30-2005, 12:41 PM   #2
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I'm not sure how true this is but I remember reading somewhere, fairly recently that Porsche is looking into buying out VW also Not sure where I heard this or if it's even true.
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      09-30-2005, 02:51 PM   #3
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i thought porshe pulled out of that...
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      09-30-2005, 03:10 PM   #4
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http://www.shanghaidaily.com/art/200..._automaker.htm

I don't know...this is from Google news. Porsche is taking at least 20% of VW to "prevent a hostile takeover" whatever that means. That article above is from today, BTW.
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      09-30-2005, 03:13 PM   #5
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"Porsche AG said Sunday it plans to acquire a stake of about 20 percent in Volkswagen AG"

This was taken directly from a statement I received over the news wire at work. I would copy the entire press release, but I'm not sure I'm allowed to do that........
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      09-30-2005, 04:42 PM   #6
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haha, you guys so proved me wrong...
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      10-06-2005, 01:20 PM   #7
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ive never liked VWs..
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