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Originally Posted by kenshiro8 |
Porsche is actually spending a LOT of penny's to move its ownership percentage up to 50%+. Porsche has been a highly profitable company for many years and has built up its capital reserves accordingly. Also, Porsche is taking on some significant corporate debt (easily serviced via strong margins/profits) so that in total it can really have some muscle to flex in terms of bold expansion moves such as this.
As you probably know, Porsche and VW have a long history together via familial relationships and joint ventures so it's a fairly natural and comfortable fit for both.