AnimaTTor
09-29-2005, 12:49 PM
<center><img src="http://www.autobytel.com/images/carPics/TestDrv/SueMead/500/Porsche1.jpg"></center><p>Porsche has increased its in stake in Volkswagen from less that 5% to just over 10%.
According to the Forbes article, they are on track to the 20% neaded that would prevent a hostile takeover.
The Porsche stake would protect the VW/Audi/Porsche initiative to develope a working hybrid engine within 3 years.<ul><li><a href="http://www.forbes.com/associatedpress/feeds/ap/2005/09/29/ap2251404.html">Read the full article</a></li></ul>
According to the Forbes article, they are on track to the 20% neaded that would prevent a hostile takeover.
The Porsche stake would protect the VW/Audi/Porsche initiative to develope a working hybrid engine within 3 years.<ul><li><a href="http://www.forbes.com/associatedpress/feeds/ap/2005/09/29/ap2251404.html">Read the full article</a></li></ul>