So who is the owner

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Oct 20, 2008 | 12:48 PM

#11

mbolo

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Joined: Jan 2008

Posts: 1,265

Quote:

Originally Posted by ATL-Porsche

Is that Jox on the right?

Isn't that his cousin? The one who had a little "incident" involving cocaine and liberal ladies??

Oct 20, 2008 | 04:45 PM

#12

TTM0TION

Thread Starter

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Joined: May 2008

Posts: 6,097

From: East Coast

Quote:

Originally Posted by Zorro

Actually, the whole Chrysler/Dodge/Jeep/etc belongs to Cerberus, and VW doesn't own lambo and Bugatti and co., VAG does (Volks AG). Slight difference, as Porsche owning 51% of VW is quite different from owning 51% of VAG.

Wait, is this true? I have always been told that VW owned or controlled audi, lambo, bugatti and Porsche just bought 51% of VW. I am the first to admit this could be false but that's what I thought. So where does VAG fit in and who the hell are they?

Also, does anyone know more about GM and Fiat history? I didn't realize they were once involved with each other.

Oct 20, 2008 | 06:11 PM

#13

strebo

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Joined: Apr 2008

Posts: 10,272

From: Sweden

Quote:

Originally Posted by TTM0TION

If I'm not totally wrong VAG stands for Volksvagen Auto Group that owns VW, audi, lambo etc.
Correct me if I'm wrong.

Oct 20, 2008 | 06:22 PM

#14

Overtaker

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From: Nashville, TN

Overtaker has a reputation beyond repute

VG = Volkswagen Group. It's former name (changed in 1992) is Volkswagen Audi Group (VAG).

Porsche owns 35% of Volkswagen Group. Its subsidaries are Audi, Bentley, Bugatti, Lamborghini, SEAT, Škoda, Volkswagen, MAN, and Scania.

Oct 20, 2008 | 06:24 PM

#15

Zorro

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Joined: Jan 2008

Posts: 7,871

From: Montreal, CA

Technically, VAG stands for Volkswagen Aktiengesellshaft ... whatever that means in german. Volkswagen Group is close enough.

VAG the group owns 100% of VW the brand. It also owns all the previously mentioned brands. Detail, Lambo doesn't belong to VAG but to Audi, which belongs to VAG.