VW Get Some More Porsche — About 49.9% More Porsche To Be Exact

Volkswagen has announced that they have acquired a 49.9 percent stake in Porsche AG’s car brand. The price of their increase was set at €3.9 billion, which isn’t too bad… If you got the cash lying around.

“The acquisition of the trading business of Porsche Holding Salzburg is planned for 2011. The creation of the integrated automotive group is then to conclude with the merger of Volkswagen AG and Porsche SE during the course of the same year,” Volkswagen said in a prepared statement for the media on Monday.

The VW brand already owns a plethora of other car makers, and the integration of Porsche will be another notch on the ol’ belt.

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