Find a Car
Go!

Volkswagen Ups Its Stake In Porsche To 49.9%

Follow Richard

Porsche Volkswagen Merger

Porsche Volkswagen Merger

Enlarge Photo

Mergers and acquisitions are a hot topic this week, so we'd be remiss if we didn't mention that Volkswagen has ramped up plans to buy out its sporty sister, Porsche. You might recall that VW's takeover is rolling out in stages; during the first phase, VW had planned to purchase a 42% stake in Porsche, but that figure has now jumped to 49.9%, which will come at a cost of €3.9 billion ($5.8 billion). Sounds like Porsche's reputation for speed and aggression may have met its match. [WorldCarFans]

 
Follow Us

Commenting is closed for this article
Try My Showroom
Save cars, write notes, and comparison shop with hi-res photos.
Add your first car
Take Us With You!
   

 
© 2015 The Car Connection. All Rights Reserved. The Car Connection is published by High Gear Media. Stock photography by izmo, Inc. Read Our Cookie Policy.