F&I Management & Training

Porsche has said it will take a controlling stake in Volkswagen, in a deal that is potentially worth almost 10bn euros ($15.2bn, £7.7bn). The maker of the luxury 911 sports car already holds 31% of VW shares. On Monday, its supervisory board agreed to raise the stake to above 50%. In a separate deal, Volkswagen said it will buy a controlling stake in Swedish truck maker Scania for $4.4bn. The two deals will create a huge auto business under Porsche's control.

DATED: 06.03.08

FEED: AW