Porsche and VW: Together At Last

Volkswagen is buying the remaining 50.1 percent of Porsche from Porsche Automobil Holding SE for €4.46 billion (roughly $5.5 billion). Technically, it's a merger as VW is transferring one share to Porsche. This way, VW avoids more than €1.5 billion in taxes. The recently discovered and government-approved loophole serves to shorten any delay in the takeover that would hamper the integration of both brands. Read full story » from Car and Driver Blog http://blog.caranddriver.com

Put the internet to work for you. via Personal Recipe 647533