1 month Porsche Financials Battered By VW 24/7 Wall St.

Porsche, which makes among the world’s most legendary and well-regarded sports cars, will take a $21 billion hit because of its ownership of VW. Porsche is VW’s largest shareholder. It owns 32% of VW’s stock and has 53% of its voting rights. Porsche said the decision was triggered by a “market environment with further increasing […]