Cars
Ending years of bickering between two of Germany's most successful automakers and the respective families that hold their fate, Volkswagen has announced that it will complete the buyout of the remaining 50.1 percent stake of Porsche's sports car business it doesn’t own already for €4.46 billion (US$5.6 billion).
- Porsche Mulling Bmw 5-series Rival And A Second Mid-engine Supercar
With the Volkswagen Group having more or less completed the takeover of Porsche's sports car business, the Stuttgart-based automaker's officials are now able to focus on expanding their vehicle portfolio. Of course, we've heard this before,...
- Vw To Buy Out Porsche’s Shares "when The Time Is Right"
It’s no secret that Volkswagen has wanted to add Porsche to its portfolio for quite some time now. After Porsche tried to acquire the VW Group without any success, the two companies decided in 2009 to complete a merger until the end of 2011. ...
- Vw And Porsche Postpone Merger Plans But Say “goal Remains Unchangedâ€
Volkswagen and Porsche announced that they do not expect their merger to be accomplished within the period they originally established. In late 2009, VW acquired a 49.9% stake in Porsche for €3.9 billion ($5.3 billion) and initiated an integration...
- Volkswagen Acquires 49.9% Stake In Porsche For €3.9 Billion
In a story that started out with Porsche trying to take over Volkswagen only to end up the other way around, VW made a significant step towards its plan to integrate the German sports car brand by announcing today that it acquired a 49.9% stake in Porsche...
- Porsche Makes €6.83 Billion On Vw Shares, €1 Billion From Selling Cars...
At a time when most automakers are struggling with a sharp downturn, making a €8.586 billion profit (before taxes) in the fiscal year 2007/2008 that ended on July 31 definitely comes to a surprise - especially when we're talking about a company...
Cars
Volkswagen to Finalize Porsche's Sports Car Business Takeover this August
Ending years of bickering between two of Germany's most successful automakers and the respective families that hold their fate, Volkswagen has announced that it will complete the buyout of the remaining 50.1 percent stake of Porsche's sports car business it doesn’t own already for €4.46 billion (US$5.6 billion).
In a joint statement, Volkswagen and Porsche said that the deal will be completed by August 1, 2012.
Read more »- Porsche Mulling Bmw 5-series Rival And A Second Mid-engine Supercar
With the Volkswagen Group having more or less completed the takeover of Porsche's sports car business, the Stuttgart-based automaker's officials are now able to focus on expanding their vehicle portfolio. Of course, we've heard this before,...
- Vw To Buy Out Porsche’s Shares "when The Time Is Right"
It’s no secret that Volkswagen has wanted to add Porsche to its portfolio for quite some time now. After Porsche tried to acquire the VW Group without any success, the two companies decided in 2009 to complete a merger until the end of 2011. ...
- Vw And Porsche Postpone Merger Plans But Say “goal Remains Unchangedâ€
Volkswagen and Porsche announced that they do not expect their merger to be accomplished within the period they originally established. In late 2009, VW acquired a 49.9% stake in Porsche for €3.9 billion ($5.3 billion) and initiated an integration...
- Volkswagen Acquires 49.9% Stake In Porsche For €3.9 Billion
In a story that started out with Porsche trying to take over Volkswagen only to end up the other way around, VW made a significant step towards its plan to integrate the German sports car brand by announcing today that it acquired a 49.9% stake in Porsche...
- Porsche Makes €6.83 Billion On Vw Shares, €1 Billion From Selling Cars...
At a time when most automakers are struggling with a sharp downturn, making a €8.586 billion profit (before taxes) in the fiscal year 2007/2008 that ended on July 31 definitely comes to a surprise - especially when we're talking about a company...