Volkswagen Are Looking To Buy 49.9% Stake In Porsche

The original agreement between Volkswagen and Porsche allowed VW to buy a 42% stake in Porsche, where it now seems as if the deal has improved. Volkswagen will now able able to benefit from a 49.9% stake in Porsche, which will in turn allow them a better chance to obtain a 100 percent stake after the proposed merger in 2011. The 49.9 percent stake will cost €3.9 billion.

The merger between the two companies will see Porsche become a more generic brand, as the CEO’s will try to increase their sales volume up to around 150,000 per year by 2013. This is effectively double the sales volume of 2008.

At the moment the two companies share the parts for the Cayenne and Touareg SUV models, as they both come off of the same factory line.

Volkswagen is currently the largest automaker in Europe.

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