Precision Cars India (PCI) has objected to the idea of Volkswagen Group Sales India as the sole importers and has hence decided to sue Porsche for breach of contract. On Sunday, it was announced that Volkswagen Group will take over Porsche from next month. Volkswagen Group made an official statement stating that the company would acquire the Porsche brand as they purchase the remaining 50.1% stake in the company with an investment of €4.46 billion.
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