4 ms·
> IIRC Porsche-the-hedge-fund owned half of VW which owned Porsche-the-car-maker wholly. Porsche-the-car-maker was spun off, but I'm not sure who owns what now
by Melting_Harps 4y ago
> IIRC Porsche-the-hedge-fund owned half of VW which owned Porsche-the-car-maker wholly. Porsche-the-car-maker was spun off, but I'm not sure who owns what now.
I worked for VAG during Diesel-gate, and it's only now after several years that I bothered to look into it's sordid History: it's like GoT, the innter family rivalry is the stuff that episodes of shows like GoT are made of. Between VW/Audi/POrsche are like decades long fights between cousins and wife-stealing etc...
It's really all rather insane that on top of that VW was primarily a vapourware piece of propaganda created by Hitler for the emergence of the Nazi party: most people who bought them during the war never actually received one until years later after the war when the British took it over.
Rimac is also mainly a proto-type company with a strong emphasis on being an OEM supplier of in house EV parts for those other divisions and has been focusing more and more on the supply chain side things since COVID; so congrats to the team in Zagreb for this momentous achievement!