Porsche prepares to buy stake in VW

According to Der Spiegel, a German publication, Porsche is preparing to take a 20 percent stake in the VW Group. VW is currently in a sticky situation because it’s market capitalization is much less than the total value of its assets. Over many years of partnerships and technology sharing, Porsche and VW have their futures tightly intertwined. The profitable sports car manufacturer is looking to solidify its stake in VW beyond the partnerships they already share by taking on a direct financial connection. [via GermanCarBlog.com]

By randall.halcomb@gmail.com
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According to Der Spiegel, a German publication, Porsche is preparing to take a 20 percent stake in the VW Group. VW
is currently in a sticky situation because it’s market capitalization is much less than the total value of its assets.
Over many years of partnerships and technology sharing, Porsche and VW have their futures tightly intertwined. The
profitable sports car manufacturer is looking to solidify its stake in VW beyond the partnerships they already share by
taking on a direct financial connection.

[via GermanCarBlog.com]