- Jul 10, 2009
Porsche considering selling 49% of sports car business to VW?
Ironically, this whole ordeal began as Porsche tried to ensure that it retained access to Volkswagen systems and future components so that it could stay independent. Now, Porsche looks to be trying to avoid being subsumed into the company once pegged as its savior. Supervisory board Chairman Wolfgang Porsche has called a special meeting of the board for July 23 to discuss the company's options.
[Source: Reuters | Image: Nigel Treblin/Getty]