Apparently, Porsche's investors don't have as much confidence in the recent VW/Porsche alliance as Porsche does. Porsche AG shares closed at a loss of 10 percent yesterday after news that Porsche announced it will raise its stake in Volkswagen to 20 percent to avoid a potential hostile takeover. VW stayed fairly stagnant at a loss of only 0.6 percent, although one would think that news of a bailout like Porsche's would have catapulted VW stock high.
Porsche stock down
Sep 27th 2005 at 12:00PM
Sign in to post
Please sign in to leave a comment.
Continue