Credit: VW
Volkswagen AG, the company that produces the Beetle, Passat, Jetta and Golf, has, after almost three years of legal wrangling, come to terms to buy the half of Porsche AG that it does not already own.

The deal, which has VW paying Porsche $5.65 billion for the 50.1% of the company it does not already own, will add Porsche to VW's stable of luxury car brands, which already includes Audi, Bentley, Lamborghini and Bugatti.

The deal was greeted warmly by investors, who drove up VW shares on Thursday.

Click here for the whole story.


I'm reporting this comment as:

Reported comments and users are reviewed by Autoblog staff 24 hours a day, seven days a week to determine whether they violate Community Guideline. Accounts are penalized for Community Guidelines violations and serious or repeated violations can lead to account termination.


    • 1 Second Ago
  • Share This Photo X