Porsche tried to buy VW over the last few years. They took a lot of credit (10 billion EUR) to buy VW shares. They could buy quite a lot, almost half. But then came the crisis, Porsche sales in the US plumetted and they could not renew their credits anymore (banks started being afraid of giving them credit). So after a lot of back-and-forth, trying to get an investment from Quatar to keep being independent etc, the result is: Porsche's CEO was fired and VW will buy Porsche!!! The tables are turned.
What is funny, is that Ferdinand Porsche founded Porsche and designed the original VW Beetle. Today the boss of VW (and soon Porsche) is his grandson, Ferdinand Piech.
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