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View Full Version : Porsche backs away from buying VW majority this year


.Lefteris.
26th November 2008, 12:12
By Christiaan Hetzner
STUTTGART, Germany, Nov 26 (Reuters) - Porsche SE (PSHG_p.DE: Quote (http://www.reuters.com/stocks/quote?symbol=PSHG_p.DE), Profile (http://www.reuters.com/stocks/companyProfile?symbol=PSHG_p.DE), Research (http://www.reuters.com/stocks/researchReports?symbol=PSHG_p.DE), Stock Buzz (http://reuters.socialpicks.com/stock/r/PSHG_p)) may not take majority control of Volkswagen AG this year as planned, it said, insisting it would not pay "ridiculous" prices for more shares in Europe's biggest carmaker.
more........ (http://www.reuters.com:80/article/rbssConsumerGoodsAndRetailNews/idUSLP7383420081126)