Porsche to Increase Stakes in Volkswagen

Porsche AG, maker of the famous 911 Carerra sports car, said that its first-half profit increased because of a revaluation and hedges on its stake in Volkswagen AG maker of world’s safest vehicles and top-of-the-line Volkswagen antenna. Stuttgart, Germany-based Porsche said in a statement on the DGAP newswire that its net income for six months […]