On Sunday, Porsche made a move to increase its stake in Volkswagen to 42.6%. Porsche hopes to increase this to 75% and full control of Volkswagen by 2009, with an interim goal of 50% by November.
Just last month, Porsche increased it's stake to 35.14%, thus gaining control of Volkswagen. This puts the many brands under the Volkswagen umbrella in jeopardy, with Porsche wanting access to Audi.
Source: Autoblog.
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Porsche increases holding to 42.6%
9:31 PM — Doncrack
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