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
Wolfsburg-based Volkswagen is the original marque in the vast Volkswagen Group, which owns Audi, Bentley, Bugatti, Lamborghini, Porsche, Seat, Škoda as well as the Italian motorcycle giant, Ducati. The brand is known for the iconic Beetle, created by Ferdinand Porsche for the German government and people. Today, the brand has evolved into one of the biggest automakers in the world with a vast variety of passenger and commercial vehicles. Volkswagen continues to expand its presence in Asia-Pacific, with China being the driving force of the company’s growth in the region. The brand is represented in Malaysia by Volkswagen Group Malaysia, which was officially launched in the country on 16th September 2006.