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Saturday, May 05, 2007

Porsche: Company will be renamed

Porsche
Paying tribute to the company's global efforts, the "Dr. Ing. H.c. F. Porsche AG" will be renamed to "Porsche Automobil Holding SE" at an extraordinary general meeting scheduled for 26th June.
The operating company of the sports car maker will become a subsidiary of this new holding company.

The new holding company will hold 100% of the shares in Porsche AG and the 30.9% stake in Volkswagen. The move will ensure that the two operating companies remain separate.


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Source: Auto Industry Blog

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