Porsche now owns 18.53% of VW and it plans to increase its share. The companies say they will cooperate more on electronic technology but many in the industry believe that Porsche’s influence could go deeper than that.
VW said that it will gain significant savings from research and development synergies, especially in high-cost areas such as VW’s next-generation electronic architecture. Replacing electronic architectures in existing vehicles costs €120 million to €150 million. By co-developing those technologies with Porsche, “there are greater financial benefits for VW that make existing product plans financially more viable.
Porsche has told investors future co-operation with VW could save Porsche €1 billion on three future model programmes. VW said it saved one-third of its typical R&D; expense by jointly developing its Touareg premium SUV alongside the Porsche Cayenne.