German automaker Volkswagen says it expects to complete a takeover of sports car manufacturer Porsche by the end of the month. Volkswagen AG issued a statement Wednesday, saying Porsche AG will become a fully integrated brand of Volkswagen by August 1. Volkswagen says it will purchase the remaining 50.1 percent of Porsche from its holding […]
German Carmaker Volkswagen Set To Takeover Porsche
Posted July 5th, 2012 at 12:20 am (UTC-5)
Leave a comment
Volkswagen Could Grab Car Industry Top Seller Honors
Posted October 24th, 2011 at 7:10 am (UTC-5)
Automobile industry analysts say Volkswagen is poised to become the world’s biggest carmaker this year, passing Toyota and General Motors. Volkswagen’s steady growth coupled with Toyota’s earthquake-related production downturn account for the change at the top of the auto industry. Industry experts say Volkswagen’s Chinese sales have grown by nearly 20-percent. Bloomberg News reports the […]
