Porsche says projects not at risk from VW stake

Newswire

FRANKFURT, Sept 26 (Reuters) - Luxury carmaker Porsche will still be able to finance future projects such as developing a fourth model line of cars even after taking a 20 percent voting stake in Volkswagen , it said on Monday. "We can still afford this. It is not affected at all," a Porsche spokesman said, adding developing hybrid engine technology and other projects were all still on track. He said Porsche intended to seek representation on Volkswagen's supervisory board in line with ...

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