VW To Buy 49.9% Of Porsche

Volkswagen, the biggest European automaker would buy the luxury sports car maker Porsche by the end of this year for around $5.8 billion. VW announced that it would start off by purchasing 42% of Porsche in the first step of a full merger of the two companies and now been increased to 49.9% percent. The… Read More

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Next New VW Beetle Scheduled For 2012

Volkswagen’s New Beetle has been on the market for a little over ten years and has enjoyed relatively strong sales despite the lack of significant changes during its life. Due to their reduced market sales, the President and CEO of VW America, Stefan Jacoby stated at press event in Germany that they are have even… Read More

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