Volkswagen

Volkswagen (VW) is an automobile manufacturer based in Wolfsburg, Germany. It forms the core of Volkswagen AG (VAG), one of the world's four biggest car producers.

Relationship with Porsche

The company has had a close relationship with Porsche, the Stuttgart-based sportscar manufacturer founded in 1947 by Ferry Porsche, son of the original Volkswagen designer Ferdinand Porsche. The first Porsche cars, the 1948 Porsche 356, used many Volkswagen components including a tuned engine, gearbox and suspension. Later collaborations include the 1969/1970 VW-Porsche 914, the 1976 Porsche 924 (which used many Audi components and was built at an Audi factory), and the 2002 Porsche Cayenne (which shares engineering with the VW Touareg).

Related Topics:
Porsche - Stuttgart - Ferry Porsche - Ferdinand Porsche - Porsche 356 - Engine - Gearbox - VW-Porsche 914 - Porsche 924 - Audi - Porsche Cayenne - VW Touareg

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In September 2005, Porsche announced it was buying a 20% stake in Volkswagen at a cost of ?3bn, with the intention that the combined stakes of Porsche, Volkswagen and the government of Lower Saxony ensure that any hostile takeover by foreign investors would be impossible http://news.bbc.co.uk/1/hi/business/4281864.stm.

Related Topics:
September 2005 - Lower Saxony

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