Thu, 05 Jul 2012 09:43:40 GMT
VW decides to acquire the remaining 50.1% of Porsche
Volkswagen
agreed on buying Porsche's rest 50.1% stake for which it will pay
$5.6bn. The deal was closed already in 2009 and the intention was to
merge in 2011; however, there were obstructive legal obstacles. The agreement is intended to diminish VW's costs as well as lift its
profits so that to become the biggest car producer in the world.