Porsche buys 1.5% of VW ordinary shares from Suzuki

It's only brilliant if the shares go up from here.

They will. GM killed over 100 people with a bad ignition switch and they're still in business.

Good time to buy a Golf! lol

Good time to buy a Golf! yes if they give big discounts, and its not diesel. also excellent timing for Toyota as theyve put there problems behind them and are starting to expand there business / factories. Id say Toyota will take back the title as largest automaker in both vehicles sold and profits

I remember the sudden acceleration with sticky pedals in Toyotas, but nobody could prove it. And they even offered one million dollar if anyone could ever mimic a sticky accelerator pedal. Yet they paid 1 billion dollar. Wonder how many billios VW will pay.

Excellent windfall will be found.

turbotsat: It's only brilliant if the shares go up from here.

gelendestrasse: They will. GM killed over 100 people with a bad ignition switch and they're still in business.

GM settled that with US government only two weeks ago with $1B payment. It's not at all surprising they're still in business after two weeks.

VW (VLKAY)'s shares bounced a bit last week but since then headed down again. Today they're at a 52-week low of $23.55, from a 52-week high of $52.87.

On the other hand, Porsche already holding high percentages of VW may well have acted 'brilliantly' in buying up shares now, motive not only being direction of price. If the name of VW has been permanently branded as a dog, they could even rename it, people will forget pretty quickly if they come up with a spiffy new name.

Germany leadership seems to have taken a hard tilt to the left in recent weeks, at least on the single topic of immigration, don't know how this will play out, maybe Porsche will not get the careful, tender-loving handling it would like from the govt.

http://finance.yahoo.com/echarts?s=VLKAY+Interactive#{%22range%22:%221mo%22,%22allowChartStacking%22:true}