VW welcomes Porsche plan to take 20 pct VW stake


FRANKFURT, Sept 25 (Reuters) - Volkswagen said on Sunday it welcomed a plan by luxury carmaker Porsche to take a 20-percent stake in it to ensure their long-term business ties and prevent any hostile takeover of VW. A Volkswagen spokesman quoted Chief Executive Bernd Pischetsrieder as saying a stable shareholder structure was important for its long-term business prospects and would strengthen VW's working relationship with Porsche. Porsche said earlier it planned to build up its stake ...

Premium Content (PAID Subscription Required)

"VW welcomes Porsche plan to take 20 pct VW stake" 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
Lisa Williamson by email: lwilliamson@wardsauto.com or phone: (248) 799-2642

Current subscribers, please login or CLICK for support information.

Already registered? here.


Follow Us

Sponsored Introduction Continue on to (or wait seconds) ×