In which year did Volkswagen acquire Porsche?

[CorbinFitz]

Volkswagen acquired Porsche in 2009. Acquisition process: In 2005, Porsche purchased 20% of Volkswagen's shares, increased its stake to 31% in 2007, making Porsche Volkswagen's largest shareholder at that time. Then in 2009, Porsche sold its Volkswagen shares and its sports car business, at which point Porsche became a brand under Volkswagen, and it remains so to this day. Introduction to Volkswagen: Volkswagen is an automobile manufacturing company headquartered in Wolfsburg, Germany, founded by Ferdinand Porsche on March 28, 1937. Development of Volkswagen: In 1932, the German government led by von Papen took steps to reduce taxes on driving cars, aiming to lower the cost of car ownership and stimulate car sales.

[VonHarrison]

This story dates back to 2009. That year, Volkswagen and Porsche made big news by signing a merger agreement. The whole process was actually quite complicated - Porsche had previously attempted a reverse takeover of Volkswagen, which failed and left them saddled with debt. Eventually, Volkswagen gradually acquired Porsche in stages, completing the full purchase of shares by 2012. Nowadays, Porsche sports cars are thriving within the Volkswagen Group, sharing technical platforms while maintaining excellent brand individuality.