Plannigs to bring General Motors to No. 1
|   Thursday, July 12, 2012
Volkswagen is planning to buy the rest of the shares in Porsche SE for greater profit making. Ferdinand Piech (Chairman, Volkswagen) has put a confirmation to this that the company is planning to deal with the rest of the shares in Porshe for 4.46-billion Euros. Yet it happens, the company will surely be the world's largest profit making automaker.

With the growing demand of cars in the Asian regions, Piech has decided to schedule business in the Asian parts as much as possible.
The reason would be as Volkswagen is already doing well in China and the nearby parts. "Piech is 75 now and would definitely like bring some changes at his exodus time" said Stefen Bauknecht (fund manager, Frankfurt, Deutsche Bank). "He won't be sitting now and let happen all that in series whereas would be looking for company's new strategies to be followed after him" he said.

He also said, "this is just the beginning to bring all of Porsche under the Volkswagen umbrella and there are lots more to come yet".
Volkswagen has been set free with a tax of 1 billion Euros which has shown its impact with around 7 percentage rise in sell in Frankfurt. Volkswagen has also shown an incredible rise in stock with about 51 percent in the past five years which is ahead of other brands in the business.

It was all Piech's hard work which made General Motors the second most leading carmaker in the work replacing Toyota and now he's eying to be the top most around the world. He is expecting the new team after him to make this out and therefore making strategies on which the new team can implement for the reason. If his strategies got succeded, it is assumed that General Motors will get up to the top spot by 2018.

Chief executive Martin Winterkorn said "Porsche and Volkswagen are the best buddies over many years and therefore they look for each other's growth as well". He also said "there is no doubt that Volkswagen is always ready to help out Porsche at the time needed and this implement can bring up both the brands in profit".

"Working together will definitely bring both the brands to be number one and so as we are looking forward for the implementation" he adds up at the press conference in Wofsburg.

Piech said that he wants to stay quiet as he don't want to leak the information before deals. It is all Piech's given to Audi says many people for its growth. Also it's a well known fact that he is the one responsible for making out an immense profit of about 18 percent in just the quarter a year after both brand's tie-up.

Piech is also planning to take up it's biggest competitor Fiat which is a huge threat for him being number one. According to the leaked news, Piech wants to make up the strategies to higher the growth of General Motors in the European region more than Fiat do and also various other things to be executed for the reason. Jaguar and Land Rover has always been the dominating models in the market and for which Piech is looking out for alternatives.
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