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Senior Member
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Discussion Starter · #1 ·
I wasn't aware of this but on Wikipedia it says on December 19, 2013, Lu Guanqiu (Founder & President of Wanxiang) invested Porsche SE, with Wanxiang owning a 29% stake Porsche. Anyone know if this is true? This is the first time I'm hearing about this.

It's also on Porsche's wikipedia page:

http://en.wikipedia.org/wiki/Wanxiang
http://en.wikipedia.org/wiki/Porsche
 

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Deep Ocean in ATL
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436 Posts
The Wikipedia seems a little confusing. VW owns Porsche Automotive. The Article is referring to Porsche SE, a holding company whose business in Automotive Services and Financial Services.

IMHO, There has been a "confusing" relationship between VW and Porsche for sometime. I had invested in VW a number a years ago, and came to realize I had no Idea about the company (VW, Audi, Porsche, Bentley, etc.) or what German laws affected these companies, and what made their stock change in value. That said, I would found it just as confusing of what the relationship of Wanxiang and Porsche SE. Does make for interesting reading.
 
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