Volkswagen is to pay €3.3bn ($4.7bn) for a 42 per cent stake in Porsche’s main production division, the two German carmakers said on Thursday......
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Everyone has their eyes on the automotive industry lately. BNET Automotive gathers and supplies daily industry trends and news coverage with specific insights for managers and executives, focusing on the major auto companies and parts manufacturers. In addition to detailed auto company trends and profiles, we report on new alliances and partnerships, new models, mergers and acquisitions, labor management, auto unions, investments, and other key issues related to this sector of business.
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VW agrees Porsche merger details
BBC - 103 days 10 hours 22 minutes ago
Volkswagen (VW) and Porsche have agreed the details under which VW will merge with its German compatriot by 2011. Under the deal, VW will initially...
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Volkswagen to buy 42 percent of Porsche, full merger planned:
AutoWeek Magazine - 103 days 8 hours 1 minute ago
Volkswagen will buy 42 percent of Porsche's sports-car business en route to a full merger by the end of 2011, the companies announced Thursday. VW...
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