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executed brilliantly by Porsche Didn't really work out for them in the end. They executed the short squeeze to acquire VW but they're owned by VW now. http://
by kirubakaran 10y ago
executed brilliantly by Porsche
Didn't really work out for them in the end. They executed the short squeeze to acquire VW but they're owned by VW now.
http://www.automobilemag.com/news/porsche-and-volkswagen-what-happened/ http://www.automobilemag.com/news/porsche-and-volkswagen-wha...
- colechristensen 10y agoTL;DR Banks stopped lending to Porsche before it could seal the deal because 2008 happened.
- kirubakaran 10y agoAnd Angela Merkel herself dissuaded the sheikh from lending Porsche money!
- jschulenklopper 10y agoThere are two Porsche companies. Porsche AG (the car company) is controlled/owned by Volkswagen AG, but there's also Porsche SE (holding company). The latter controls a 50.7% majority of voting rights of Volkswagen AG, for 31% of share ownership. The families of Porsche-Piech own 50% of Porsche SE, but 100% of the voting rights.