Volkswagen Hits the Brakes on Porsche Merger
Published Monday, 26 September, 2011 by Motor Werks Porsche of Barrington. Categories: News, Barrington IL.
As many Volkswagen/Porsche enthusiasts are already aware, approximately 49% of luxury automaker Porsche has been Volkswagen owned since the summer of 2009. And while VW had plans to acquire the other 51% of Porsche they don't currently own by the end of the year, they hit the brakes on the deal earlier this month, causing a ripple effect among European stocks.
However, the operative word here is "brakes". The deal isn't off…