Volkswagen AG agreed to buy a 42 percent stake in the sports car unit of debt-ridden Porsche SE, another step toward combining the two German carmakers into a European automotive giant. VW will pay up to 3.3 billion euros ($4.7 billion) this year for the initial stake in the unit.
DATED: 14.08.09
FEED: ANE
# posted by Profit Training Ltd : 7:57 am