If you turn the pages of recent history back just a bit, you may recall that in 2009 Porsche attempted – and later failed – to acquire Volkswagen, pouring roughly 14 billion into the effort. Following the sportscar maker’s botched attempt to buy up control of the more plebeian VW, the former target switched roles and purchased $4.12 billion in Porsche shares in December 2009, giving VW a 49.9 percent stake in Porsche.
Because of Porsche’s failed takeover attempt, the automaker has several billion dollars in debt that it needs to pay down, including a $3.5 billion bank loan that comes due in … Details
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