Hacker Newsnew | past | comments | ask | show | jobs | submitlogin

It often is better to sell cheap stuff to many people, than to sell expensive stuff to a few.

VW bought Porsche, Fiat bought Ferrari etc. :D



Very true, although I would add that it is often best to sell moderately expensive stuff to a moderate number of people (i.e., why BMW doesn't sell $10k subcompacts). :)



No. Porsche tried to buy VW, neatly made it but ran out of money during the financial crisis. VW took advantage and the deal reversed.

Note that Porsche SE used to own Porsche AG directly, but now VW owns it.

To quote your link:

In July 2012, it was announced that Volkswagen AG was taking over the Porsche AG automotive company completely, which bears the same name, but is only a subsidiary of Porsche SE.


It's a bit more complicated than that.. VW bought Porsche Automobile, but Porsche SE owns most of voting shares in VW. A good descriptor of the mess:

http://www.automobilemag.com/features/news/0911_porsche_and_...




Guidelines | FAQ | Lists | API | Security | Legal | Apply to YC | Contact

Search: