Porsche CFO: Porsche has options to boost VW stake

Porsche currently holds 30.9 percent share in Volkswagen, Europe’s largest auto maker. Porsche has now acquired options that would allow it to increase its stake even more in Volkswagen, according to Porsche’s CFO Holger Haerter.

“We have secured a few options so that we can raise our stake in Volkswagen further if needed,” Haerter told Financial Times Deutschland. “We are thus prepared for anything.”
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Catsmeow - 7/27/2007 10:06:37 AM

0 Boost

To be honest, is porsche trading down by running after VW so hard?

supermoto - 7/27/2007 12:19:11 PM

+3 Boost

Not to mention VW's DSG gearboxes that set the standard, right? I think porsche could definitely use a better manumatic box. Especially when the higher-end competition (Ferrari and Lambo) sells something like 75% of their cars in manumatic.