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• Porsche Takeover of VW Done But For The Law

  Porsche AG took step closer to controlling the much larger Volkswagen AG by upping its share holdings to 50.8% in late Monday trading. But actual formal control of management still eludes the company. Porsche plans to raise its stake in VW to more than 75% this year, with which it expects to gain total control over the Volkswagen Group, which includes Audi, Bentley, Seat, Skoda and Lamborghini. Having more than 75% of shares would allow it to seal a so-called “domination contract” giving it full
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  • 01-07-2009 04:29 AM
  • Auto Beat
  • Business
  • Porsche
  • Volkswagen

• The Recession Proof Car. And It's Not a Mini. It's a Fini'

  My favorite e-mail of the day: Hi David, I just wanted to share this story with you…it makes for a relevant and very interesting topic! With the American auto industry going bankrupt, one auto sector remains strong—hearses. Eagle Coach Company based in Cincinnati is a high-end hearse manufacturer that has actually seen a very successful year in the growth of their business. And no, they don’t make Toyotas or Hondas. Eagle buys brand new Cadillacs and Lincolns, saws them in half, and sends them down
  • Discuss this news

  • 01-07-2009 04:29 AM
  • Auto Beat
  • Business
  • Eagle

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