Saturday, January 12, 2013

Porsche Taking Over VW

Earlier today Porsche passed the 50 percent stake mark of Volkswagen and thus took over Volkswagen. Porsche also announced that they would have a 75 percent stake by the end of 2009. I wonder why? Perhaps its due to the fact that once they reach 75 percent they will be able to seal a so-called domination contract giving it full financial control. I do love how Porsche (a 7 billion in sales company) is taking over VW (a 109 billion in sales company) in this day and age. Source: Internet