According to a report in the International Herald Tribune, Porsche, the German sports-car maker is going to make a takeover bid for Volkswagen, Europe's largest carmaker.
In order to do this Porsche will increase it's existing stake in Volkswagen to 31% from 27.3%, because German law requires a company to own more than 30% of shares before it can make a takeover bid.
Previously, the two companies had collaborated in the making of the VW Touareg and the Porsche Cayenne.
Read the full report here.
Tags: Porsche Volkswagen Porsche Cayenne VW Touareg
skip to main |
skip to sidebar
Blog Archive
-
▼
2007
(162)
-
▼
March
(19)
- Jay Leno's Garage
- The fastest production cars
- Fraud mail
- Porsche bidding for Volkswagen
- Small off-roaders improve safety
- Malaysian drivers
- Honda's hydrogen powered car
- Car classifieds for charity
- Magnetic signs for your car
- Proton and VW deal
- Car seat cover site
- The new Mazda 2
- Review of Nengun Performance
- Aston Martin back in the hands of Britishers
- Honda Civic forums
- Mitsubishi unveils Outlander and Prototype-x
- Source of contaminated fuel
- Latest Euro NCAP test results
- Petrol contamination in UK
-
▼
March
(19)