Porsche recently got the nod from its supervisory board to buy a majority stake in Volkswagen, which is reportedly Europe’s largest car maker. But Porsche has no plans of a possible merger, but would still operate as two separate car makers.
Porsche currently holds a 31% stake in Volkswagen which is followed by Wolfsburg Company that holds a 20% stake. There is a wide spread speculation that Porsche is on the move to take a majority stake in Volkswagen.
Porsche currently holds a 31% stake in Volkswagen which is followed by Wolfsburg Company that holds a 20% stake. There is a wide spread speculation that Porsche is on the move to take a majority stake in Volkswagen.
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