Auto Car

Sunday, April 26, 2009

Porsche Auto Car to 50.76% of Volkswagen shares

On one side are the manufacturer in more or less difficulty that can be the other is Porsche auto car on the one hand over there are those who feel the crisis that the additional is Porsche auto car in a few lines of a report of triumph and the manufacturer Stuttgart announced so as to it has extended its “tentacles” on the 50.76% shares of New Volkswagen. With this additional leap in the German cavil (even though it has not previously informed the feed interest) acquires power of Scandia also not direct and whose shareholding as a percentage of 37 was bought by Volkswagen eight years ago.

The “excellent intentions” of Porsche auto car for 2009 take in the further leap to 75% of the VAG group and the GERMAN luxury sports car maker Porsche have in use over Volkswagen in the largest European car manufacturer then after purchase more than 50 per cent of VW shares are Porsche auto car said in a brief report overnight that by buying latest VW shares and it “will thus increase its participation to 50.76 per cent” of the group capital, compared with 42 per cent before.

Labels: Auto Car, Porsche

posted by Hadson @ 8:41 PM