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sliverbullet

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sliverbullet

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Monday, 10/27/2008 2:39:27 PM

Monday, October 27, 2008 2:39:27 PM

Post# of 2594
Monday October 27, 1:42 pm ET Volkswagen shares rocket after Porsche lifts stake in automaker.

FRANKFURT, Germany (AP) -- Volkswagen shares soared more than 200 percent higher Monday, bolstered by Porsche's announcement of plans to lift its stake in the automaker to 75 percent by 2009. Shares of Europe's biggest car maker rose as high as 635 euros ($791.21) before settling back to 590 euros ($735.14), up nearly 180 percent on the day, in late afternoon Frankfurt trading.

http://www.topix.net/autos/volkswagen/2008/10/vw-shares-nearly-double-as-porsche-control-move

http://www.bostonherald.com/business/automotive/view.bg?articleid=1128119&srvc=rss
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