Clair Marc Darmudas Automotive News
Clair Marc Darmudas news Welcome to the Clair Marc Darmudas blog. Here we will bring you latest news from the world of cars. Car giants Volkswagen and Porsche have had some exciting news put out in the papers recently. Here is a run down of what events took place. Check back soon on the Darmudas blog for more articles like this. Volkswagen AG Porsche Automobil Holding SE said it would acquire 25% plus one additional share of the voting stock in Porsche AG when VW lists the sports-car brand, which could happen by the end of the month, the companies said on Saturday. VW, Europe’s biggest auto maker by sales, said the companies’ boards would meet on Monday to discuss the private placement of common stock and whether to move forward with an initial public offering of 25% of Porsche’s nonvoting preferred shares. If approved, Porsche shares could begin trading at the end of the month or in early October, VW has announced. Everyone loves Porsche, and since the older models that are now second...