The battle for Volkswagen

As the fight for stock control continues over at Volkswagen between the two heavyweights Wendelin Wiedeking of Porsche and Ferdinand Piech of Volkswagen it seems that other interested parties have started to look for accusation. Focus a German car magazine has found out that up to three other companies are interested.

The first is a Chinese sovereign wealth agency, a second Russian one, and a hedge fund. Although the identity of the hedge fund has not been made public. All three new bidders are keen on Volkswagen and Porsche together, that would open duel access to Volkswagen, with control of Porsche the bidder would not only control a 51 percent share that Porsche holds in Volkswagen, but could also buy more than a fifth of Volkswagen at a highly discounted price.

In actuality these big spenders are not really interested in Porsche because of their great cars, its all about Volkswagen and their vans. China has always loved VW for their transport and industry, cheap well made used vans are an staple and they have used VW for van hire and industry since the early 80’s. It will be interesting to see if Chinas love affair with Volkswagen finally ends with them tying the knot.