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Porsche: Sale to Volkswagen finalized

Porsche, Volkswagen

Finally the Porsche sale to Volkswagen has been finalized and it’s now a full part of the group.

VW now owns Porsche’s wholesale and retail business, Porsche Informatik, Porsche Bank, Porsche Immobilien and Porsche Versicherung as well as PGA Motors headquartered in Paris.

“The business performance of Porsche Holding Salzburg is outstanding. It is one of the world’s most efficient and profitable automobile trading companies and will therefore significantly strengthen the Volkswagen Groups sales activities,” Prof. Dr. Martin Winterkorn, CEO of Volkswagen, said.