Financial Times FT.com

Porsche makes €6.8bn from VW trades

By Daniel Schäfer in Frankfurt

Published: November 7 2008 19:24 | Last updated: November 7 2008 19:24

Porsche on Friday fuelled the controversy over its stake building at rival Volkswagen by revealing it had earned eight times as much from its VW option trades than from actually selling cars.

The company said it made €6.83bn ($8.7bn) from trading in VW options, plus another €1bn from the rising value of its Volkswagen stake, in the fiscal year that ended in July.

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