Volkswagen has announced over the operational business of Porsche Holding Salzburg (PHS). The transfer to the intermediary comes at a value of 3.3 billion euros. The headquarters will be just like the seat of the Board continue to Salzburg. Volkswagen is taking with the already in basic agreement provided for a further planned acquisition step on the way to an integrated automotive company Volkswagen and Porsche.
The Wolfsburg-based group acquired all of the PHS automotive sectors such as wholesale and retail business, computer science, banking and real estate business and the insurance and the PGA Motors, based in Paris. The Salzburg Porsche Holding is the most successful private automotive retailer in Europe with a strong presence, especially in Austria, West and South-Eastern Europe and China.
In calendar year 2010 was the sale of 565,000 new and used cars achieved a turnover of approximately EUR 13 billion at a market in comparison to the above-average profitability. The PHS employs approximately 20 900 people. (Ampnet / jri) 
The Wolfsburg-based group acquired all of the PHS automotive sectors such as wholesale and retail business, computer science, banking and real estate business and the insurance and the PGA Motors, based in Paris. The Salzburg Porsche Holding is the most successful private automotive retailer in Europe with a strong presence, especially in Austria, West and South-Eastern Europe and China.
In calendar year 2010 was the sale of 565,000 new and used cars achieved a turnover of approximately EUR 13 billion at a market in comparison to the above-average profitability. The PHS employs approximately 20 900 people. (Ampnet / jri)
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