Porsche VW deal close | FerrariChat

Porsche VW deal close

Discussion in 'Porsche' started by TestShoot, Jul 18, 2009.

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  1. TestShoot

    TestShoot F1 World Champ
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    Sep 1, 2003
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    Beverly Hills
    http://finance.yahoo.com/news/Report-Porsche-near-deal-with-apf-2107194028.html?x=0


    FRANKFURT (AP) -- The struggle over control of Porsche, the heavily leveraged maker of world-class sports cars including the 911, appears to be coming to an end, according to media reports.

    The German weekly news magazine Der Spiegel reported on its Web site Saturday that Wolfsburg-based Volkswagen AG would initially get 49.9 percent of Porsche AG and later take the remaining shares. The magazine did not reveal its sources in its report.
     

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