Recently, according to a number of overseas media reports, Porsche is negotiating with the Volkswagen Group to break away from the independent IPO, the news was confirmed by the Volkswagen Group shortly after issued a statement, this news instantly made the entire German car circle explode.
In fact, since the end of 2021, the news of the separation of Volkswagen and Porsche has been spread, and after Porsche leaves volkswagen, what is the impact on both sides, let's analyze it.
To tell the history, Porsche is a brand founded by Ferdinand Porsche in 1931, and after Hitler came to power, he was very eager to revitalize the German automobile industry.
By inviting Ferdinand Porsche to found Volkswagen in 1937, and the classic Beetle was written by Ferdinand, it can be seen from here that Volkswagen is a state-owned enterprise, but for a long time, the members of the Porsche family were served as Volkswagen executives, and Porsche Holdings was also the main shareholder of Volkswagen.
As the group's power gradually expanded, Porsche gradually divided into two major families, Porsche and Piëci, for various reasons led to the defeat of Ferdinand Porsche grandson Ferdinand Piëch in the internal competition, and then Piëch jumped out of Porsche to join Audi, and became CEO of Volkswagen in 1993 and chairman of the Supervisory Board of Volkswagen Group in 2002.
Because of various delicate relationships, after Yeshi became the chairman of the group's supervisory board, Porsche tried to use various financial means to acquire Volkswagen, but volkswagen as a state-owned enterprise is very special, because Germany has set up relevant laws for volkswagen.
If you want to control Volkswagen, you must hold more than 80% of the shares (conventional companies only need to reach 75%), but since the German government holds 20.1% of Volkswagen's shares, it is impossible to do anything.
However, Porsche did not give up, relying on a strong capital chain and another way, through the EU Supreme Court to overturn the restrictions of this law, in 2009 the Porsche family held a total of 74.1% of the shares of Volkswagen, but then the financial crisis suddenly came, Porsche had a financial crisis, and finally made peace with Volkswagen, and Volkswagen Group took this opportunity to acquire Porsche for 8.47 billion euros to become its subsidiary.
Although Porsche has become a subsidiary of Volkswagen, the largest shareholder of Volkswagen is still Porsche Holdings, because Porsche Holdings occupies 50.1% of the shares of the Volkswagen Group, so you say who is stronger and who is weaker?
Looking back, this incident of Porsche and Volkswagen Group parting ways is actually good for both Volkswagen and Porsche.
Because the Volkswagen Group is currently in the critical stage of full electrification, Porsche's electric vehicle products alone will account for 18% of new car deliveries in China in 2021, so Volkswagen is very optimistic about the electric vehicle market and should actively invest.
So last year, Volkswagen announced that it would invest 73 billion euros in the development of electric vehicles in the early stage, and to put it bluntly, it is necessary to raise funds in various ways, and it is an excellent way to put Porsche stock in the financial market to liquidate.
According to Wall Street estimates, Porsche Motors' valuation after independence is between 60 billion and 85 billion euros, while the current market value of the entire Volkswagen Group is about 112 billion euros, so it is no wonder that volkswagen groups are willing to stand up for Porsche's independent IPO.
It has to be said that Porsche is really a very profitable pawn for Volkswagen, and in the first nine months of 2021, Porsche generated about 3.4 billion euros in profits, accounting for about 34% of the volkswagen group's overall automotive business.
Severely affected by the lack of cores last year, Porsche's annual global sales exceeded 300,000 units for the first time, reaching 301915 units, up 11% year-on-year from 2020, while the Chinese market played the biggest role, delivering a total of 95,671 new cars, an increase of 8% year-on-year, becoming The world's largest single market for the seventh consecutive year.
Because of the sweetness, the public is more involved in studying the preferences of Chinese consumers, and sales performance is the best incentive.
In general, Porsche Independence is a win-win situation for both companies, but it is not absolutely successful, and the stock price of Aston Martin has plummeted and is very dismal after the independence of Aston Martin. In the end, we leave the answer to time.