Porsche to Buy a Share of the Racing Car Carbon Manufacturer

MySpin: Australian cars community MySpin 3 years ago

According to Bloomberg, Porsche will buy a share in the Capricorn Composite company that deals with manufacturing of car accessory and carbon parts, including those of LMP1 racing category sport prototypes.

German car manufacturer will receive 25% of Capricorn Composite’s stock. Porsche specialists have already been cooperating with this company during development of the 918 Spyder hybrid supercar.

Bloomberg also noted that the Volkswagen concern that owns Porsche already has about 10% of stock of Capricorn Composite’s largest competitor – SGL Carbon SE. BMW is the party that doesn’t let VW grow its share in the company: Susanne Klatten, a representative of the family that controls BMW, and the Bavarian concern itself owns almost a half of SGL Carbon SE’s stock and is blocking the stock sale to Volkswagen.

Previously, another brand owned by VW – Audi – announced purchase of the patent on the use of fuel cells developed by the Canadian company Ballard Power Systems.

We’ll see, if this somehow affects owners and future buyers of Porsche in Australia. So, follow the news on this forum – the best Porsche forum in Australia – and see how it all winds up.

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