Pursuits
Porsche Looks at Energy to Ready for Post-911 Role: Cars
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Porsche SE, the holding company controlling a majority stake in Volkswagen AG after a botched takeover attempt four years ago, will probably soon be investing more in energy than in sports cars like the iconic 911.
Porsche SE shareholders voted today in favor of changes in the Stuttgart, Germany-based company’s charter as it closes in on finalizing the sale of the Porsche car-making unit to VW. The vote allows the holding company to invest in materials for the auto industry, real estate and energy trading.