Volkswagen buys 49.9% in Porsche for $5.8 bn

European auto giant Volkswagen Aktiengesellschaft on Tuesday said it has bought 49.9 per cent stake in luxury car maker Porsche AG for 3.9 billion euros ($5.8 billion). Volkswagen said the......

VW to be world's largest post Porsche takeover

Europe's auto major Volkswagen is set to become the world's number one car maker, pushing Japan's Toyota to the second place, by taking over sports car manufacturer Porsche. The boards of directors......