VW set to buy-out Porsche

We got our first hint that Porsche and VW would merge into a single company back in May but ever since no deal has officially gone through. Today however, reports suggest that VW is all ready to actually buy-out Porsche effectively merging the two companies. The deal will apparantly allow Porsche to get out of the severe debt they are currently with as VW will pay off €8 billion of their €10 billion+ debt in two stages. If all goes well and this deal pans off, VW is looking at a 49.9% share in Porsche. Now let’s see a VW branded supercar hit the market! via Autoblog Related Posts Porsche to Purchase Audi? In case you didn’t know Porsche happens to own about 35.14% of Volkswagen, which is quite a lot. D…

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VW set to buy-out Porsche