Finally, Porsche and Volkswagen tie the knotAugust 3, 2012 by: Rituraj Mishra
Porsche is now VW’s property. That is true to every word and the whole merger has been profitable beyond imaginations. For starters VW has saved taxes in amount of $1.9 billion. After a couple of years, finally Porsche and VW are a real couple and well-matched.
It took it’s time and people will see this as just another takeover, but there is more to it and it has taken some great brains working tirelessly over two years to make the takeover smooth, hassle free and profitable. After this venture the total cost savings for the couple or the unified firm would be around $856 million. The cost saving though will come at a cost, as Porsche’s debt in the region of $3.1 billion needs to be cleared.
Panamera and Macan has been a collaborative workforce of both the firms and they also have the future plans mapped. With takeover done, they can concentrate on their merger better and without any interference. A total summary is hard to give as it contains some numbers which are beyond comprehension, but the thing that troubles me more is now that they are a couple, who will sacrifice the name?