Industry Report: Volkswagen to Sell Block of Shares to Arab State
With cars like the Phaeton and Touareg in its lineup, Volkswagen is starting to attract the likes of Abu Dhabi Sheikhs. Or maybe the automaker's Bentley, Bugatti and Lamborghini divisions have caught the attention of the Arab elite. Either way, Volkswagen and Abu Dhabi came to an agreement on Thursday that the Gulf emirate would be acquiring a significant stake in the German automaker, possible up to 10 percent.
