Volkswagen Buys Porsche for $5.6 Billion
 

Read about it here: Volkswagen Buys Porsche for $5.6 Billion

The plan to move will be finalized in August, but it's official. They'll buy the remaining 50.1% of Porsche that they don't already own, then. What does this mean for Porsche?

To pay $2 billion debt. Economy hurts...everywhere.

Porsche got too greedy with their success, I remember thinking wtf when reports came out they were trying to purchase majority stake in VW

And to avoid paying 2 billion dollars taxes to the German government. I am sure that will result in lower prices for the cars and the spare parts.hilarious

Oh, yeah now I get it! hilarious

get ready for platform sharing!

The new sub boxster level car is already rumored to be taken off the current golf/gti/beetle platform.

Great Idea!
 

You said it! A beetle AIR-COOLED for us old air cooled enthusiasts. Make it a combination of the oval and the 356. Oh, man. What fun!

How does this fit/mesh with the fact that Porsche Holding SE (the Porsche family holding company) holds 50.7% of the Volkswagen AG ordinary shares with voting rights?

VW Group also includes Bentley. And soon will integrate MAN. So, it is possible that in two years VW will be the largest automaker in the World.