Volkswagen Ups Its Stake In Porsche To 49.9%

October 22, 2009

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]

The Car Connection
See the winners »
The Car Connection
Commenting is closed for this article
Ratings and Reviews
Rate and review your car for The Car Connection
Review your car
The Car Connection Daily Headlines
I agree to receive emails from The Car Connection. I understand that I can unsubscribe at any time. Privacy Policy.
Thank you! Please check your email for confirmation.