Three days before the Geneva Motor Show opened its doors to reveal the shape of cars to come, the Supervisory Board of Porsche moved to reshape the European car industry itself. Subject to regulatory approval, the go ahead was given to increase Porsche’s stake in Volkswagen to more than 50 per cent.
The controlling majority will see Porsche at the helm of a group that will expect to sell 6.7 million vehicles a year. This figure was bolstered by the announcement only a few hours earlier that V...
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