2009 Top Automobile Investment: VW invest in Porsche & Suzuki

By Ali Budiman

Although the world economic crisis made some of the world automobile companies declining sales, and some have had to be helped by the government such as GM and Chrysler, is not the case with Volkswagen. The Automobile Company from Germany is to step expansion by buying some shares Suzuki and Porsche.

Volkswagen takeover Porsche

Firstly, Volkswagen AG has bought 49.9 percent of Porsche stake and brings the Germany sport car maker to VW Group. Before the sale to VW, Porsche is experiencing difficult conditions due to the financial crisis. Even the financial losses also cause the Chief Executive Officer and Chief Finance Officer of the Porsche had to resign.

But it was VW Group expansion step did not end there. Read more…

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alibudiman Global Automotive Industry Automobile, national auto, Porsche, Sport Car, Suzuki, Volkswagen