The Race Is On...

On Sunday, Porsche Automobil Holding SE announced it had 74.1% stake in Volkswagen AG and leaving it just 0.9% short of the 75% level needed to log Volkswagen's revenues and assets in its own books. Porsche vowed to continue with its aggressive move to reach the 75% in 2009 and achieve a “domination agreement” despite the disagreement between its family owners who are indecisive whether or not to support such a move. VW’s leadership continued to welcome Porsche’s investment while the VW’s labor unions “fiercely oppose” Porsche efforts because they see a great deal of threat to workers’ rights. I will continue to follow this development and I am excited to find out what is VW’s priority: 1.) Provide adequate levels of leadership and ensure that employee’s right will be guaranteed and will remain the same, if not better or 2.) Ensure maximum profits through any mean and allow the executive board to continue to receive gigantic paychecks. The race is on between the VW Golf GT and the Porsche GT…TBD who the real winner is…