Porsche Automobile Holding, the German auto maker’s greatest shareholder, will take Suzuki’s stake. Suzuki Motor Corp. has agreed to sellContinue Reading
Bridgepoint and Porsche SE supported PTV, Econolite, and Conundra to join forces in 2022 and now back the further integration into two strong and distinct businesses, Mobility and Logistics.
Porsche Automobile Holding, the German auto maker’s greatest shareholder, will take Suzuki’s stake. Suzuki Motor Corp. has agreed to sell its 1.5% stake in Volkswagen AG to Porsche Automobile Holding SE, the German auto maker’s greatest shareholder, Suzuki and Porsche SE said Saturday, without revealing the exchange price. Suzuki, which holds the stake in Volkswagen as a piece of a fizzled partnership with the German auto maker, will transfer the shares to Porsche SE on Wednesday, the Japanese auto maker said in an announcement. As a business’ aftereffect, Suzuki will post ¥36.7 billion (US$304 million) in exceptional benefit, it said.…
Robert, Author at Thrasher Backer thrasherbacker.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thrasherbacker.com Daily Mail and Mail on Sunday newspapers.
Volkswagen wants to set a new tone in the electric cars industry with its electric Porsche SE. It has ventured a €20 billion first sale of stock to outgrow the electric vehicle market.