Piech Crowns 20-Year VW Turnaround With Porsche Takeover

Piech Crowns 20-Year VW Turnaround With Porsche Takeover

Chris Ratcliffe/Bloomberg

The acquisition of Porsche and accelerated integration of Scania with VW brands brings profitable units into the group, with first-quarter profit margins of 18 percent and 12 percent, respectively.