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Date:         Sun, 25 Sep 2005 10:16:47 -0600
Reply-To:     jimt <camper@TACTICAL-BUS.INFO>
Sender:       Vanagon Mailing List <vanagon@gerry.vanagon.com>
From:         jimt <camper@TACTICAL-BUS.INFO>
Subject:      Unofficial alliance to become corporate alliance??
Comments: To: wet <wetwesties@yahoogroups.com>
In-Reply-To:  <BF5BF812.4A89%busclub@tactical-bus.info>
Content-type: text/plain; charset="ISO-8859-1"

From a news release

BERLIN Sep 25, 2005 ‹ Luxury sports car maker Porsche AG said Sunday it plans to acquire a stake of about 20 percent in Volkswagen AG, a move aimed at strengthening ties between the automakers and preventing a future hostile takeover of Volkswagen. Porsche said Volkswagen has become "a significant supplier for about 30 percent of our sales volume" as well as "an important partner in development." The two companies worked together to develop Porsche's Cayenne sport utility vehicle and Volkswagen's Touareg. They recently announced that they, along with Audi AG, were forming an alliance to develop hybrid engines. /// Looks like 60 years of partnership on the side to become partners officially. Is this like living together for 60 years and then deciding to get married??

/// From another article the purchase will involve Porsche doing it as a stock purchase with 4 billion in cash.

jimt


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