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Originally Posted by Cortazzo
it is the right time to buy considering all of the scandal and quality problems VW's been facing, their share prices are at a significant discount historically. Same for GM and Ford, kerkorian is no fool for buying up as much as he can.
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VW was in danger of a hostile takeover by a foreign interest....think someone in Japan. This would hurt Porsche also given the sharing on the Cayenne and upcoming Panamera. So to protect their interests Porsche jumped to buy in.