STUTTGART, Germany — Porsche has officially submitted an offer for the outright purchase of the Volkswagen Group.

BERLIN: Porsche AG, the maker of the 911 and Cayenne, said the offer period for its low-ball 35.9 billion euros (US$48.9bil) bid for Volkswagen AG will run for four weeks, starting yesterday.

As you know from before, Volkswagen is looking to add more new models while reducing cost. To do that, Volkswagen will be looking to take some lessons from it’s premium brand, Audi using their modular architecture strategy.

Germany's financial regulators have approved automaker Porsche AG's required takeover offer for Volkswagen AG, which it was obligated to make after acquiring more than 30 percent in the company, Porsche said Monday.

Stuttgart-based Porsche announced in late March that it would exercise an option to buy an additional 3.6% stake in VW.

VW introduced a new member of its turbocharged gasoline direct-injection TSI engine family at the Vienna Motor Symposium: a 1.4-liter, 90 kW (122 hp) version that develops up to 200 Nm (148 lb-ft) of torque. The company also introduced a new 7-speed double shift gearbox (DSG).

BERLIN (AP) - Germany's financial regulators have approved automaker Porsche AG's takeover offer for Volkswagen AG, which it was obligated to make after acquiring more than 30 per cent in the company, Porsche said Monday.

BERLIN -- Germany's financial regulators have approved automaker Porsche AG's required takeover offer for Volkswagen AG, which it was obligated to make after acquiring more than 30 percent in the company, Porsche said Monday. Porsche has said it doesn't plan to acquire Wolfsburg-based Volkswagen outright.

Germany's financial regulators have approved automaker Porsche AG's takeover offer for Volkswagen AG (VW), which it was forced to make after acquiring more than 30 per cent in the company, Porsche said on Monday.

BERLIN -- Germany's financial regulators have approved automaker Porsche AG's required takeover offer for Volkswagen AG, which it was obligated to make after acquiring more than 30...