Porsche Bought by Volkswagen for $5.6 Billion
They’ve been doing this dance for the better part of a decade, but now it’s official. Beginning August 1st, Porsche will become a wholly owned subsidiary of Volkswagen AG. They’ll purchase the remaining 50.1 percent stake for $5.6 billion. What this means for the consumer is unclear. Volkswagen already owns several different brands, most of […] More »
By: Marcus Slater | July 5, 2012