Volkswagen just purchased the largest lorry (truck) manufacturer Scania - which are seen almost everywhere anymore. This adds to their already huge portfolio of company ownership (see below). At about the same time this was announced, Porsche announced a take-over bid for VW. Porsche wants to get into the "regular" auto market but doesn't want to fork out the billions and billions (who let Carl Sagan in here) to start up a new facility.
I find it intereting that the child is about to buy the parent. In the 30's, Prof. Porsche designed for VW. He came up with such silly designs as the Beetle. C.1931, he then started his own company using a stream-lined and much more powerful version of the Beetle. Porsche was born...
http://www.news.com.au/story/0,23599,23316155-1702,00.html?from=public_rss
What does this mean for all involved... It means that Porsche will own the worlds 4th largest automotive company (after Toyota, GM, and Ford). The biggest thing is a huge shake-up / shake-down at VW. I'm nearly 99.999% sure that if Porsche wins, the idiots at the helm would be fired and VW will once again start being the best manufactuer. They're still the largest European company by far, but they'ven't been the best in decades.
FYI - currently VW owns:
1) Audi (Germany)
2) Skoda (Czech)
3) Seat (Spain)
4) Bentley (GB)
5) Lamborghini (Italy)
6) Bugatti (Italy)
7) Large ownership of Daimler-Chrysler
8) Man AG (Germany) - heavy trucks, equipment
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