Sunday, April 15, 2012

Litigation between Porsche and Volkswagen

Trial, which began in 2010, is now continued. Volkswagen accuses Porsche of selling shares, which led to the loss of VW.

Porsche is accused of selling VW shares

In their statement it is said that Porsche bought Volkswagen shares, and then they raised their price and sold with a maximum benefit for themselves, which led to a loss of $ 3 million by Volkswagen.
Porsche denies the accusations. Moreover, they sent a lawsuit against Volkswagen. It seems that this story will never end or lead to results.

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