Home Consumer Product Reviews Forums Photos Videos Expert Reviews News Register Login Search

Volkswagen Law faces EU court defeat as Porsche revs engines

Sunday October 21st, 2007 at 8:1010 PM
Posted by: Derek

Sun Oct 21, 12:15 AM ET

FRANKFURT (AFP) – The European Court of Justice is expected to rule on Tuesday against the so-called “Volkswagen Law”, paving the way for Porsche to take control of the continent’s biggest carmaker.

Striking down the 40-year-old law which prevents Volkswagen from being taken over would allow Porsche to raise its 31-percent stake to a majority.

Porsche has made no secret of its desire to expand beyond its traditional luxury sports car market to create a truly global group.

Read the complete article HERE


American Le Mans Porsche RS SpyderA Porsche RS Spyder during the American Lemans series.

by Lenaig Bredoux

latest reviews sidebar promo
latest reviews

latest news sidebar promo
latest news

Select a Category