Porsche not finished with Volkswagen
Well, you have to admire the courage of their conviction… Porsche said today that it wants to
buy more VW stock, as soon as possible, despite massively
negative reaction from its own shareholders after buying over 10 percent of VW shares earlier this week.
Porsche is aiming for a 20 percent voting stake in VW, which could cost nearly $4 billion. Porsche says that it wants
to ensure a solid supply link with VW, which supplies content for nearly a third of Porsche's cars.
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