Porsche to seize control of VW

Old 07-08-2006, 01:38 AM
Super Moderator
Thread Starter
Join Date: Dec 2004
Location: Maryland
Posts: 845
Default Porsche to seize control of VW

German antitrust authorities have given approval to Porsche's plan to increase its stake in Volkswagen to 25.1 percent. That will give the sports car maker a controlling minority share in VW. The plan was first announced late last month. Porsche began expanding its stake in Volkswagen late last year in an effort to prevent hostile takeovers from other factions. VW is a critical supplier to Porsche, and their partnership is expected to widen when production begins of the 2009 Panamera sedan. Government official Ulf Boege said there were no significant antitrust concerns about the deal, as there is no risk of Porsche and Volkswagen dominating the entire German car industry. Porsche currently holds a 21.2 percent stake in Volkswagen.

Possible end to poor reliability? Or will it infect Porsche?

LL News
Related Topics
Thread Starter
Last Post
Chrysler Forum Editor
Brand News, Concepts & Rumors
06-18-2014 01:38 PM
Off Topic
02-16-2009 08:01 PM
Off Topic
10-28-2007 09:37 AM
Brand News, Concepts & Rumors
07-08-2006 01:38 AM
Off Brand News, Concepts & Rumors
01-20-2006 02:47 AM

Thread Tools
Search this Thread
Quick Reply: Porsche to seize control of VW

Featured Sponsors
Vendor Directory

Contact Us - Archive - Advertising - Cookie Policy - Privacy Statement - Terms of Service

© 2019 MH Sub I, LLC dba Internet Brands

We are a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for us to earn fees by linking to Amazon.com and affiliated sites.