Showing posts with label Porsche Taking Over VW. Show all posts
Showing posts with label Porsche Taking Over VW. Show all posts

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