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On Wednesday, August 1st, the tie-up between Porsche and Volkswagen will be made official.

Porsche reported a profit of 1.15 billion euro for the first half of this year, compared to 149 million euro in 2011. The company announced it expects a higher net income for this year of single-digit billions of euro. On August 1st Volkswagen will buy the second half of Porsche, adding the 911 super luxury sports car to its portfolio.


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Buyout Complete - Porsche Officially Falls Under The Volkswagen Umbrella

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