Porsche's recent announcement that it now owns a controlling stake in Volkswagen is about more than the German car industry protecting itself from foreign takeover. The move also represents the latest phase of a larger plan hatched by former VW boss and Porsche family member Professor Ferdinand Peach, who has remained on the Volkswagen's supervisory board since retiring as CEO in 2002 whilst devoting his free time to writing a book outlining his plans for a strong German car industry, entitled Mein Kampfervan. Securing just over 30 percent of VW shares, and with them power over the whole company, is the latest part of that plan which Professor Peach reportedly believes will ensure the German car industry will last for up to "1000 years".
Professor Peach has long strived for a prosperous automotive industry in Germany and believes that the key to success is not through the cost cutting and plant closures favoured by some rivals but via the creation of more factory space or 'lebensraum'.
Following the successful seizure of control, or 'putsch', at VW industry experts are eagerly awaiting Professor Peach's first public display of his new strength. As yet, there is only speculation about what this might be but staff at the former FSO factory in Poland are said to be on a state of high alert.
In the meantime, Professor Peach's passionate interest in dominance of the German car industry continues to intrigue since he himself is actually Austrian. There are also rumours that he only has one ball, the other - according to some VW insiders - is in the Albert Hall.
Professor Peach has long strived for a prosperous automotive industry in Germany and believes that the key to success is not through the cost cutting and plant closures favoured by some rivals but via the creation of more factory space or 'lebensraum'.
Following the successful seizure of control, or 'putsch', at VW industry experts are eagerly awaiting Professor Peach's first public display of his new strength. As yet, there is only speculation about what this might be but staff at the former FSO factory in Poland are said to be on a state of high alert.
In the meantime, Professor Peach's passionate interest in dominance of the German car industry continues to intrigue since he himself is actually Austrian. There are also rumours that he only has one ball, the other - according to some VW insiders - is in the Albert Hall.