Thursday, October 25, 2007
Porsche to Take Over VW?
Although Porsche has been buying VW stock like crazy for the past year, there has been a piece of legislation called the VW Law which has stopped Porsche from taking full control over the company. However, the European Courts recently stuck down the law and now there is nothing preventing Porsche from increasing their stock ownership. Porsche currently has a 31% stake in VW, but with this new announcement they are expected to increase that to at least 51%. The industry expects Porsche to be patient with the rest of the process, possibly taking up to a year, but there is no doubt that they will soon control VW. Thanks to AutoBlog.
Blog Archive
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2007
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October
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- IRS Offers Help for Wildfire Victims
- IRS Updates Living Expense Standards
- Mutual Fund Taxes To Break Records
- US House Votes to Extend Internet Tax Ban
- Porsche to Take Over VW?
- Poker Winnings Must Now Be Reported As Income
- Even Celebrities Owe Back Taxes
- New GM Concept Camaro
- New IRS Tax Talk Today
- Full List of 2007 Baseball Champions
- Republican Debate Comments From Tax Foundation
- Disney Planning New Resort in Hawaii
- Woman Sues Kmart for Taxing Toilet Paper
- IRS Announces Increase In Corporate E-filed Returns
- Nissan Unveils Pivo 2 Concept Car
- Bush Says No to Children's Health Insurance
- Check Out Watch Me Franchise!
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October
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