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  • Volkswagen all set to Take Over Porsche

    Anil Jain

    Anil Jain

    @CrazyBoy
    Updated: Oct 24, 2024
    Views: 996
    Volkswagen means "people's car" in German.

    Volkswagen Group, which also owns the Audi, Bentley, Bugatti, Ducati, Lamborghini and SEAT is on the verge of taking full control of the storied sports car maker - Porsche.

    Volkswagen already own a good amount of share % of Porsche, but with new deal it reached an agreement to acquire the rest of the Porsche sports-car business it doesn’t own in €4.46 billion ($5.59 billion).

    The new agreement, set to be sealed Aug. 1

    -CB
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Replies

  • Kaustubh Katdare

    Administrator • Jul 6, 2012

    I wonder how acquiring a premium brand helps them.
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  • Anil Jain

    Member • Jul 6, 2012

    Its all about expanding their horizon.

    VW group already have premium, luxury, general usage cars in their fleet and this take over would lead them to showcase their metal in the sports Car segment as well.

    -CB
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