Stop us if you’ve heard this one: one of the oddest chapters in automotive history took place a decade ago in 2005, when one German automaker, Porsche, tried to buy another, Volkswagen. The entire drama took place as a result of old family drama between Porsche higher-ups Wolfgang Porsche and Ferdinand Piech, who had defected to VW. Crazier still, it almost worked!
Porsche bought 74% of outstanding VW shares on the open market in its attempt to gain power, but ran out of money in the process. VW seized the opportunity, and now owns Porsche! We wonder how the Porsche family feels, now that VW’s management is going down in flames following their diesel emissions scandal!
