Porsche says does not want majority in Volkswagen

Newswire

FRANKFURT, March 24 (Reuters) - Porsche does not want to acquire majority control of Volkswagen even though it has launched a takeover bid for Europe's largest carmaker, a spokesman for Porsche said on Saturday. "We do not want a majority," he said. Porsche plans to raise its current 27.3 percent voting stake to up to 31 percent, it said earlier, which then requires a mandatory takeover bid to be made under German law. The spokesman said that making the takeover bid now removes the ...

Premium Content (PAID Subscription Required)

"Porsche says does not want majority in Volkswagen" is part of the paid WardsAuto Premium content. You must log in with Premium credentials in order to access this article. Premium paid subscribers also gain access to:

  All of WardsAuto's reliable, in-depth industry reporting and analysis
  Hundreds of downloadable data tables including:
  •   Global sales and production data by country
  •   U.S. model-line inventory data
  •   Engine and equipment installation rates
  •   WardsAuto's North America Plant by Platform forecast
  •   Product Cycle chart
  •   Interrelationships among major OEMs
  •   Medium- and heavy-duty truck volumes
   •  Historical data and much more!


For WardsAuto.com pricing and subscription information please contact
Amber McLincha by email: amclincha@wardsauto.com or phone: (248) 799-2622
 

Current subscribers, please login or CLICK for support information.

Sponsored Introduction Continue on to (or wait seconds) ×