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News - Volkswagen finally, really, taking over Porsche

Volkswagon Porsche merge

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#1 Draconis

Draconis

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Posted 06 July 2012 - 05:27 PM

"VW will pay Porsche shareholders $5.61 billion for the 50.1 percent it does not already own. Then companies will continue to build cars together, finding engineering efficiencies like the one created around the Cayenne and Touareg. And it's not as if VW doesn't know how to manage luxury brands. It also owns Bentley, Audi, Lamborghini and Bugatti. Indeed, Porsche's influence will be seen in future Bentleys and Audis for sure, though the brands will remain fiercely independent." D. Kiley - Autoblog.com, July 5 2012

Volkswagen finally, really, taking over Porsche



Also tagged with one or more of these keywords: Volkswagon, Porsche, merge

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