TOPIC: Globalisation » Economy » Transportation » By Land » Cars
Category
videos
Date
2009-07-20
Actor
BBC News
Source
BBC News
Uploaded date
2009-01-01
Uploaded by

VW on brink of Porsche takeover

"Porsche may be on the verge of ousting its chief executive and joining Volkswagen as part of a "reverse takeover". Vendelin Veeder-King had been praised for silently building a majority stake in VW, but the recession has ruined his plans for a takeover and left the sports car maker with unsustainable debts of $14b." (Quoted from video description)
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