Porsche Wants to Partner with, not Control, VW
January 12, 2007 – 9:23 am by Dan Volkens
Filed under Industry News
With a 27.4 percent stake in VW, Porsche has a major interest - a 4 billion euro investment, or $5.2 billion at current exchange rates — in the automaker and stands to benefit from a stock price increase. Porsche is expected to increase its share of VW to 29.9 percent but doesn’t want to “take over” Volkswagen or merge, says Wiedeking. Via autoweek.com
Porsche Wants to Partner with, not Control, VW
January 12, 2007 – 9:23 am by Dan Volkens
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