Just a reminder for the ‘Are-GM-going-to-sell-Saab’ people out there. It’s now January, which is the month when Porsche were going to seek shareholder approval that would allow the company to pursue acquisitions "outside it’s own borders". I don’t know when in January that it’s supposed to happen, but the initial reports said January, so maybe we can expect something in the near term.
Note 1 – Porsche’s thought about acquiring another brand, should it happen and whoever it ends up being, is in addition to their purchase of a 20% stake in VW. That’s already happened and this is a seperate issue.
Note 2 – I know there’s plenty of "It’ll never happen" out there, but I still maintain that Saab, properly managed, would be a great fit for what would be the "Porsche Group". More entry level than a Porsche, disctinct, well designed, safe, technologically advanced sporting sedans.
One can dream.
UPDATE: The Porsche AG Annual General Meeting will be held on January 27, 2006 in Stuttgart. The Agenda (pdf file) for the meeting includes the following:
Amendments to the statutes
5.1 The Executive Board and the Supervisory Board propose that § 2 Para. 2 of the statutes be modified as follows:
„(2) The company is entitled, for the purposes of furthering the object of the business, to acquire or to lease other companies of any kind in Germany or abroad, to take a holding in them in any form or to represent them, to establish subsidiaries and to conclude joint venture and similar contracts.”
So they are going to seek permission to acquire if they see it as a good option. The next step is for them to see Saab as a good option. The clash with VW in terms of model range might be an obstable, but I’ll say it again: one can dream.