Volkswagen Seeks Porsche Takeover

BERLIN - JULY 21: A couple takes posession of their just-purchased Porsche Cayenne at a dealership of German automaker Porsche on July 21, 2009 in Berlin, Germany. Another German carmaker, Volkswagen, is seeking to take over Porsche and has offered EUR 8 billion for an initial stake. Leaders of the two companies, including members of the two powerful Piech and Porsche families, who both have substantial stakes in the two companies, are to meet on Thursday to decide over the plan. Porsche is heavily in debt and the future for its CEO, Wendelin Wiedeking, is uncertain.

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