VW – Porsche Collaboration…
April 11, 2009 :: Posted by - Sam :: Category - Porsche, Volkswagen
Europe’s largest car manufacturer has been taken over – Yes, VolksWagen! And by who? You’d never guess? Porsche!!!!
We ask why? Why would this small run family business want a stake in a company like VW? Well, it must bedue to VW’s manufacturing capabilities and technological know-how?
Porsche is currently occupying roughly 50% of the shares in VolksWagen but are looking to increase that to 75% having full financial control. Not bad going considering VW is one of largest companies in the world.
The only bad news for Porsche is that oddly, VW own shares in truck maker ‘Scania’ which Porsche will have to take over says the Sweedish Law, but they are not interested at all, and will therefore only put in a minimum bid, and who blames them!
