Author (Person) | Schäfer, Daniel |
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Series Title | Financial Times |
Series Details | 7.5.09 |
Publication Date | 07/05/2009 |
Content Type | News |
Volkswagen and Porsche announced on the 6 May 2009 that they were to merge in a move that would turn Europe's largest carmaker into a family-controlled company and end a 3½ year takeover saga. The expanded group would be a truck and car powerhouse boasting well-known marques such as Porsche, Audi, Volkswagen and Bentley. It would also create another big family-dominated carmaker in Europe alongside the Quandt-controlled German luxury carmaker BMW, Agnelli-held Fiat in Italy and France's Peugeot Citroën PSA group. |
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Subject Categories | Business and Industry |
Countries / Regions | Europe, Germany |