Around the Net

Beetle Catching Up To Porsche

  • Bloomberg, Monday, February 27, 2012 10:50 AM

Volkswagen AG, Europe’s largest carmaker, is closing in on purchasing the remaining 50.1% of Porsche SE’s automotive business that it does not already own, people familiar with the matter said. Approval from German tax authorities is one of the hurdles to an agreement, which VW and Porsche are still negotiating VW may announce the plan within the next two weeks.

Read the whole story at Bloomberg »

Next story loading loading..