VW to complete $4.5B acquisition of Porsche Holding this week

According to the latest reports, it appears that Volkswagen AG will finally complete its $4.5 billion acquisition of Porsche Holding this week. For those who don’t know, Porsche-Holding is based in Salzburg, Austria and it is considered Europe’s largest car dealership group. Frankfurter Allgemeine Zeitung newspaper said that the transaction could be finished on Tuesday, and that Vw AG will pay around 3.3 billion euros.
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100octane - 3/1/2011 8:33:07 AM

+1 Boost

weak? they sell their sportcars at a profit, can't say that about Lexus.

uhn2000 - 2/28/2011 9:25:05 PM

+1 Boost

Wow.. VW steals my favourite brand... is BMW and Mercedes the last of the independent premium market car companies.