Saturday, July 7, 2012

Porsche and VW: Together At Last

Volkswagen is buying the remaining 50.1 percent of Porsche from Porsche Automobil Holding SE for €4.46 billion (roughly $5.5 billion). Technically, it’s a merger as VW is transferring one share to Porsche. This way, VW avoids more than €1.5 billion in taxes. The recently discovered and government-approved loophole serves to shorten any delay in the [...]

Source: http://feedproxy.google.com/~r/caranddriver/blog/~3/oL070uSg5S4/

Theo Helfrich Mack Hellings Brian Henton Johnny Herbert

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