Porsche conquest Volkswagen
Published On Jan 20, 2009 04:10 PM By Vidyadhar
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The German auto carmaker company the Porsche group has now decided to take over the shares of one of the biggest automaker company Volkswagen. It is expected that the company will acquire nearly 50 percent shares of Volkswagen. At present, Porsche the family running company is on its move to produce nearly 100,000 premium sports cars and that too every year with a total production of exceeding 5-million car models. It has come to the notice that the Porsche group is planning to increase the stakes of the company by nearly 75 percent till by the end of the year 2009. According to some experts the 75% staking of the company will give the Porsche group nearly full control over Volkswagen.
The managing director of the Porsche company believes that the holding of these acquisitions will not affect the functionality of the company in India. It is estimated that in the harshest conditions also the company is desisive to move as a separate brand.
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