Doylestown Auto Shop News — Porsche has lost over $10 billion on Volkswagen’s stock, but still wants more

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As of July 31, Porsche Automobil owned about 149.7 million Volkswagen ordinary shares or a 51% stake, according to FactSet. With those shares tumbling 60.30 euro, or 36%, since the news of the emissions scandal broke , the value of Porsche’s Volkswagen stake has declined by 9.03 billion euro, or the equivalent of $10.15 billion at current exchange rates.

from Volkswagen News
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