The Porsche, German Sports car maker has stopped the chase and accepted its merger with the much bigger Volkswagen as it acquired more than 51% share of Porsche.
Actually the main reason of this issue was when the Porsche announce the rights issue, the market value of the shares gone to $64.2 around 15% decrease in its previous value. So Volkswagen took this opportunity to overtake the company.
Still the details are not clear and it is expected the brand names will be different under a single holding company.
As Volkswagen concentrated n India this Financial year, there are major possibilities of Porsche cars to enter Indian market.
Any how india is becoming ready to see all Furious beauties within few months.
Lets see whether our roads become ready for it.
Cheers!!!
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