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  • Porsche may pull Magna contract

    Sep 25, 2009 10:00 AM

    Porsche is considering rescinding an existing contract to build the next generation Boxster and Cayman at Magna in Austria from 2013, and may instead move production to Karmann in Germany.

    In a move aimed at protecting closely guarded engineering and production cost secrets relating to its upcoming entry level roadster and coupe pairing, Porsche insiders say plans established under former boss, Wendelin Weideking, to build the Boxster and Cayman at Magna’s Graz factory in Austria are now ...Read the full article
    • Straff
    • Joined Apr 08, 2008
    • 254 Posts
    • Status: Offline

    Re: Porsche may pull Magna contract

    Sep 25, 2009 10:14 AM

    I think we can all guess where this is going...

    Magna get spooked, pull out of the deal to buy Opel, GM find the £4 billion under the mattress.

    I hope.

  • Re: Porsche may pull Magna contract

    Sep 25, 2009 10:43 AM

    There's another way to look at this - an elderly Austrian gentleman(Ferdinand Piech, Chairman of VW's Supervisory Board) attempts to show another elderly Austrian gentleman(Frank Stronach, boss of Magna International) who's top dog. Both are very wealthy, very powerful, very proud and very pig-headed(probably).

    It is good that Karmann may get the contract, as they've already shed over a thousand workers through Administration. Didn't VW already take a financial interest(10%) in Karmann recently?

    I think this won't affect ultimately Magna's desire to buy Opel. Other carmakers, besides Piech's VW and to a lesser extent BMW, have already said they see it as no problem having a supplier as a direct competitor, as long as the two branches are kept separate - Daimler for one. Magna stood to lose a lot of its revenue if Opel(GM Europe) had gone totally bankrupt as GM worldwide was its largest customer, so to some extent it was safeguarding its core business. If BMW pulls the MINI SUV Magna will still have other contracts for its Steyr assembly facility in Austria, including of course the Aston Martin Rapide, the quintessential British luxury car - built in Austria with a German built engine. Funny business the car business, but it's still motivated by people and their wills and egoes.

  • Re: Porsche may pull Magna contract

    Sep 25, 2009 10:47 AM

    I'm still betting that the whole deal is either a smokescreen or a very temporary arrangement until GM can miraculously afford not to sell (smokescreen) or regain control (temporary arrangement) of Opel & Vauxhall...

  • Re: Porsche may pull Magna contract

    Sep 25, 2009 11:25 AM

    Please use brain instead of spell checker: wrest, not rest!

    • Topkat
    • Joined Apr 05, 2009
    • 534 Posts
    • Status: Offline

    Re: Porsche may pull Magna contract

    Sep 25, 2009 11:55 AM

    Lanciaman:

    Please use brain instead of spell checker: wrest, not rest!

    Some peeps are dyslexic man, this world ain't perfect...

    Mofos just complain these dayz...

    • Pauldalg
    • Joined Feb 14, 2008
    • 453 Posts
    • Status: Offline

    Re: Porsche may pull Magna contract

    Sep 25, 2009 1:36 PM

    Topkat:

    Some peeps are dyslexic man, this world ain't perfect...

    Mofos just complain these dayz...

    Please, please, go somewhere else to type your cr*p, you're a d8ck.

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