After several snags, fits, stops and starts, and even a temporary fear by executives the deal might not get done, German automaker Volkswagen is all set to close the deal to acquire Porsche.
On one hand, the deal may sound incongruous to the average consumer and car buyer. VW, which literally translates to “the people’s car,” buying one of the most prestigious and exclusive brands in the world. But, in reality, the managements and ownership of the two companies have been entwined for decades since the end of World War Two.
Full story: Autoblog
