|
VW now to buy PORSCHE???
There have been a few posts regarding Porche increasing its stake in VW and wreacking havoc on hedge funds from around the globe with thier short position on VW.
This is the first I have heard of VW turning the tables:
Volkswagen eyes move on Porsche
By Daniel Schäfer in Frankfurt
Published: April 22 2009 23:33 | Last updated: April 22 2009 23:33
Volkswagen is considering an audacious bid for Porsche’s automotive business, in another extraordinary twist in the corporate saga surrounding Germany’s most famous car dynasty.
Several people close to the situation said VW’s management was weighing the option of buying Porsche AG, in a move that would bring relief to the highly indebted parent Porsche SE holding company.
EDITOR’S CHOICE
VW’s Piëch steers towards Porsche deal - Apr-22VW profits fall 74% in spite of truck sale - Apr-22John Gapper: Porsche travels east and gets longer - Apr-22VW hedges give Porsche €6.8bn windfall - Mar-31Porsche to cut costs amid drop in sales - Jan-30
__________________
$35 and a six pack to my name.....
'88 Diamond Blue Carrera CE 3.4-SOLD 
|