Volkswagen Targets to Seal Porsche Purchase Before 2014
German auto manufacturer Volkswagen (VW) wants to integrate the sports-car maker Porsche’s as soon as possible, by August 2014. According to company sources, the deal would be free of tax because “the right time has to come.”. However, neither party is interested to wait so long. According to reports of Wirtschaftswoche, a Business weekly, Porsche SE found a way to sell the remaining 50.1% of its auto production plant to VW without paying an estimated …
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