Cars
...The more things stay the same. Porsche is likely to increase its stake in Volkswagen today. That makes big news, and it is. Keep in mind that Ferdinand Porsche was the designer of the original People's car, the Volkswagen Beetle. It is that Beetle that helped form the car that would carry the Porsche name. Because Ferdinand Porsche received a royalty on every Beetle that was ever built ( x 20million+), Porsche AG, operated by his son Ferry for quite some time, had a comfortable financial situation to help develop their sports car business.
Much of the power behind VW is held by Ferdinand Piech, son of Ferry's sister, therefore Ferdinand's grandson. Intelligence and eccentricity met together, and Ferdinand Piech was the result. Brilliant engineering decisions met with horrible marketing motives, and Ferdinand Piech was the cause. Anyway, Piech is a large shareholder in Porsche as well as being a force behind VW. Forget the formal titles. Piech is not 'permitted' to have decision-making ability at Porsche and he has had two successors at VW now, yet he manages to play the puppeteer with alacrity. And audacity. Piech is a paragon of German boardroom and backroom shaking and baking, but he engenders strong opinions.
So you see. Ferdinand basically jump-started both companies, and Ferdinand has control in 2007. Porsche and Piech. Grandfather and grandson.
- Poor Man's Porsche 959 Tries To Cover Its Vw Bug Roots
Porsche and Volkswagen have always been close to each other right from their very beginnings, with Porsche founder Ferdinand Porsche being the man responsible for VW's most famous car ever, the Beetle. Read more »...
- Vw's Search For Piech Successor Continues
Volkwagen Group’s leaders will have a meeting next month to examine a new leadership structure after the resignation of its former Chairman Ferdinand Piech. Read more »...
- Piech Reportedly Forced To Leave After Vw Board Learned About His Plot To Oust Winterkorn
The sudden resignation of Ferdinand Piech over the weekend from his role as VW Group chairman has intrigued many but now we’re starting to get the details behind the decision. Read more »...
- Vw Board Chairman Ferdinand Piech Abruptly Resigns
The tension and potential shakeup at the Volkswagen Group has culminated in the resignation of longtime board chairman Ferdinand Piech. Read more »...
- Bugatti Veyron Replacement Will Reportedly Get 1,500hp, Due In 2016
What VW Group head honcho Ferdinand Piech wants, he gets. One of those things was a Bugatti supercar with an output of 1,000PS – and after a quite long gestation period, the 1,001PS (987hp) Veyron was launched in 2005. Read more »...
Cars
THE MORE THINGS CHANGE...
...The more things stay the same. Porsche is likely to increase its stake in Volkswagen today. That makes big news, and it is. Keep in mind that Ferdinand Porsche was the designer of the original People's car, the Volkswagen Beetle. It is that Beetle that helped form the car that would carry the Porsche name. Because Ferdinand Porsche received a royalty on every Beetle that was ever built ( x 20million+), Porsche AG, operated by his son Ferry for quite some time, had a comfortable financial situation to help develop their sports car business.
Much of the power behind VW is held by Ferdinand Piech, son of Ferry's sister, therefore Ferdinand's grandson. Intelligence and eccentricity met together, and Ferdinand Piech was the result. Brilliant engineering decisions met with horrible marketing motives, and Ferdinand Piech was the cause. Anyway, Piech is a large shareholder in Porsche as well as being a force behind VW. Forget the formal titles. Piech is not 'permitted' to have decision-making ability at Porsche and he has had two successors at VW now, yet he manages to play the puppeteer with alacrity. And audacity. Piech is a paragon of German boardroom and backroom shaking and baking, but he engenders strong opinions.
So you see. Ferdinand basically jump-started both companies, and Ferdinand has control in 2007. Porsche and Piech. Grandfather and grandson.
- Poor Man's Porsche 959 Tries To Cover Its Vw Bug Roots
Porsche and Volkswagen have always been close to each other right from their very beginnings, with Porsche founder Ferdinand Porsche being the man responsible for VW's most famous car ever, the Beetle. Read more »...
- Vw's Search For Piech Successor Continues
Volkwagen Group’s leaders will have a meeting next month to examine a new leadership structure after the resignation of its former Chairman Ferdinand Piech. Read more »...
- Piech Reportedly Forced To Leave After Vw Board Learned About His Plot To Oust Winterkorn
The sudden resignation of Ferdinand Piech over the weekend from his role as VW Group chairman has intrigued many but now we’re starting to get the details behind the decision. Read more »...
- Vw Board Chairman Ferdinand Piech Abruptly Resigns
The tension and potential shakeup at the Volkswagen Group has culminated in the resignation of longtime board chairman Ferdinand Piech. Read more »...
- Bugatti Veyron Replacement Will Reportedly Get 1,500hp, Due In 2016
What VW Group head honcho Ferdinand Piech wants, he gets. One of those things was a Bugatti supercar with an output of 1,000PS – and after a quite long gestation period, the 1,001PS (987hp) Veyron was launched in 2005. Read more »...