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Volkswagen all set to Take Over Porsche

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
Kaustubh Katdare
Kaustubh Katdare • Jul 6, 2012
I wonder how acquiring a premium brand helps them.
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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