Sunday, October 28, 2007

Porsche to keep Volkswagen the way it is

Responding to reports that claim Porsche is seeking to break Volkswagen up into smaller companies, a Porsche spokesperson called such claim as "rubbish". WirtschaftsWoche reported in a preview of its Monday issue that Porsche is seriously considering breaking up the Volkswagen Auto Group into individual companies. Of course, Porsche holds 31% stake in Volkswagen and recently gained the chance to increase its shareholding.

This does not mean that Bugatti and Lamborghini are safe. They could still be dumped from the Group once Porsche gets majority stake. Porsche really hasn't commented of these rumours.

Source: Reuters

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