Filed under: Economy, Hatchbacks, Aston Martin, Ford, Celebrities
Who's not looking forward to the new Bond flick Quantum of Solace that opens in theaters on October 29th? Agent 007 returns with an Aston...
Archive: october 27, 2008
Porsche now owns 42.6% of Volkswagen
Filed under: Porsche, Volkswagen
Just last month, Porsche made another move toward fulfilling its vow to take over Volkswagen. Sunday, Porsche again increased its stake, giving it almost 43% of the Beetle-maker."The goal remains, as long as the financial conditions are right, to increase [the stake] to 75 percent in 2009 and clear the way for a controlling stake," Porsche said in a press release.After last week's big meeting between the two companies and, more significantly, since Porsche's stated goal is to own 50% of VW by the end of November, this new step is really no surprise.[Source: The Associated...
View full article at "Autoblog"
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