News - Porsche - Porsche Taking over VW
Porsche Taking over VW
Earlier today Porsche passed the 50 percent stake mark of Volkswagen and thus took over Volkswagen. Porsche also announced that they would have a 75 percent stake by the end of 2009. I wonder why? Perhaps its due to the fact that once they reach 75 percent they will be able to seal a so-called domination contract giving it full financial control. I do love how Porsche (a 7 billion in sales company) is taking over VW (a 109 billion in sales company) in this day and age.
Ok Ill stop and not get into it too much as I have already seen 250+ news blog posts and articles written about it just hours later.