The supervisory board of Porsche AG has given the approval to take a majority stake in Volkswagen AG, which they already hold 31 percent. Porsche said that this doesn’t mean their will be a merger in the future, just means Porsche wants 51 percent of VW and has $20 billion they need to spend.
Keep you eyes open in the future, the real plan here is to be the worldwide production leader like Toyota and GM by 2015-ish.
Source: egmcartech.com
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