Porsche will still be able to finance future projects such as developing a fourth model line of cars even after taking a 20% voting stake in Volkswagen , it said on Monday.
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“We can still afford this. It is not affected at all,” a Porsche spokesman told Reuters, adding developing hybrid engine technology and other projects were all still on track.
He reportedly said Porsche intended to seek representation on Volkswagen’s supervisory board in line with the stake it intends to build. He also said Porsche’s VW stake was under 5% now but gave no other details.
