Thursday, April 13, 2006

B&E this fortnight

IIPM-KNOWLEDGE CENTRE

Porsche scripts Volkswagen breatherGerman luxury sports carmaker, Porsche AG has increased its stake in Europe’s biggest carmaker Volkswagen AG to 10.3%. However, it has further announced plans to increase its share to 20%, to ward off hostile attempts to take over the Wolfsburg, Germany-based automaker.

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Source:IIPM-Editorial,2006