Developing Story: Rumors suggest Chrysler wants stake in VW

[nick1111]

:eek: Could it be true?

http://www.leftlanenews.com/?p=80

DaimlerChrysler wants to buy a stake of around 20 percent in Volkswagen, a German magazine reported Friday. A board source at Daimler told Reuters, however, that there were no plans to buy a stake, while its commercial vehicles chief Andreas Renschler called the report “pure speculation.”

[Xtrema]

I don't see why they should.

[benyl]

Big deal, Porsche is thinking of doing the same thing.

[TurboMedic]

All because VW has the small diesel market cornered......maybe DC should develop their own small diesels, they should be able to with some old school merc stuff....

[nick1111]

Originally posted by benyl
Big deal, Porsche is thinking of doing the same thing.

No shit. But Porsche and VW have had a long standing relationship. This is a different situation, and we are talking about one major auto company investing in another major one.

[canadiandaytona]

Chrysler and VW have had a pretty longstanding relationship too...Chrysler used VW enigine in some of its late 70's early 80s cars.

From Allpar.com
As to the engine, Chrysler had a long relationship with VW in Europe, and several old Chrysler designs from France and the U.K. ended up as VWs in South America. (The last Avenger was sold to VW by Peugeot in 1981 and was sold through the 1980s in Brazil.) When the car was finally approved for North America, they had problems legalizing the European Chrysler engines. None had been imported to the U.S. since 1973, and the all-new engines were not ready yet. Chrysler could have used their European 1.6, if they had not been selling their profitable European operations to Peugeot to get cash to cover losses in the States.

Enter VW, with an excess of legalized engines. Chrysler fit its own manifold and carburetor to buy time. After Chrysler finalized the deal in Europe, Peugeot supplyied the 1.6 to Chrysler as part of the deal. A year later, the 2.2 was ready. The 1.8 version of the 2.2 was never built because of the 1.6, and the 1.7 [technically an Audi engine!] was out of the picture by 1981/82.

[benyl]

Originally posted by nick1111


No shit. But Porsche and VW have had a long standing relationship. This is a different situation, and we are talking about one major auto company investing in another major one.

Almost all the manufacturers around the world have a stake in another big manufacturer. This is really no different.