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"AUTOSTAT OMNIBUS-2020". Winter Car tires: preferences of car owners (fourth wave)

"AUTOSTAT OMNIBUS-2020". Winter Car tires: preferences of car owners (fourth wave)

Exit date 07.12.2020

Format PDF

Price 3500 eur.

The fourth autumn wave of the project is aimed at identifying consumer preferences in the ...

07 december more info

Analytics

Russian dealers of Ford began sales of updated Mondeo

Ford Mondeo sedan has received a technological upgrade aimed at the safety improving of the car and improving of the intelligent driver assistance systems. People can order updated Ford Mondeo at all official Ford dealers in Russia.

05 julymore info

Infographics

What type of fuel do Russians use for cars?
  • 21.09.18 What type of fuel do Russians use for cars?

    Experts of the analytic agency "AUTOSTAT" and the publishing house "Za Rulem" decided to find out in a joint online poll what types of fuel Russian motorists use. The survey was conducted from August 29th to September 9th, 2018. More than 16 thousand respondents took part in it.

    Archive

News

Volkswagen and Porsche approved the plan of amalgamation

The supervisory boards of Volkswagen and Porsche (control of both companies belongs to families Porsche and Piech) have approved the plan of amalgamation into one unite company. During the first stage of amalgamation, that has to be finished at the end of 2009, 42% of shares will pass to Volkswagen for 3, 3 bln euro. The cost of Porsche AG, taking into consideration the expected synergy, is fixed at level 12, 4 bln euro. Until 2011 there has to be created an integrated automotive group, which (according to information of Just Auto) may get a legendary name Auto Union. The united concern will be headed by the general director of Volkswagen Group Martin Winterkorn.
Vedomosti reported, the bargain was necessary to pay off the debt to Porsche (over 10 bln euro), that appeared when the company decided to buy a control packet of VW. Porsche got 50, 8% of shares of VW, but there appeared financial crisis and the banks demanded their credits back; Porsche, whose annual sales constituted 7, 5 bln euro, could not pay back the debt. From the very beginning the president of VW Ferdinand Piech was against the amalgamation of Porsche with Volkswagen and he managed to do so that the general director was dismissed Wendelin Wiedeking was dismissed, VW helped to pay off the debt to Porsche, which became a part of VW.
But for this the representatives of families Porsche and Piech have to cede a part of control and of their assets, though they remain the biggest shareholders of Porsche and VW. The second biggest shareholder will still be the government of Lower Saxony, which will have 20% of shares a blocking packet (usually it constitutes 25% of shares), as well as right to elect two members of supervisory board of Volkswagen. The third biggest shareholder will be the investment fund Qatar Holding, which will get 10% of shares with voting right. Owing to concluded bargain Porsche SE will have ready assets (over 1 mln euro), which guarantee an optional structure. A part of reached agreement is also an engagement of Quatari investor to take part in syndicated credit, given to Porsche by 16 banks for sum 265 mln euro.

17.08.09
Source: AUTOSTAT