Monday, October 27, 2008

Porsche increases holding to 42.6%

On Sunday, Porsche made a move to increase its stake in Volkswagen to 42.6%. Porsche hopes to increase this to 75% and full control of Volkswagen by 2009, with an interim goal of 50% by November.

Just last month, Porsche increased it's stake to 35.14%, thus gaining control of Volkswagen. This puts the many brands under the Volkswagen umbrella in jeopardy, with Porsche wanting access to Audi.

Source: Autoblog.

2 Comments:

Blogger Joe said...

Is there anyone who had problems with the tire sensor indicator on a 2010 Jetta. This sensor has malfunction 2 times in October 2009 &
February 14, 2010. The 2009 tire failure was an expensive replacement of a Continental tire. The tire manufacturer, dealer and VW refused to warranty the tire, placing the failure on the owner, for failure to maintain the tire pressure. To refute this claim, I carry a Vuair compressor where every I travel. If the pressure light indicator lights up, I can immediately address the the light.

Wed Feb 16, 11:28:00 AM  
Anonymous wheel balancing machine said...

The key to buying a new Volkswagen at the best price is to find out what the Volkswagen dealer actually paid the factory for the specific Volkswagen Jetta, Tiguan, Golf Wagon or any of the other 2011 Volkswagen Models or 2012 Volkswagen Models you want to buy.

Thu Jul 26, 11:43:00 AM  

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