Porsche Set To Take Control Of Volkswagen

Porsche are set to increase their shares in VW, to 25.1%.

Sports car manufacturer Porsche, are set to increase their stake in Volkswagen, giving them a controlling minority.

The Stuttgart giants started gathering shares in 2005 to avoid the possiblity of a hostile takeover from fellow shareholders.

porsche vw2

The Wolfsburg company have a history of supplying parts to Porsche, with VW building the body for the much awaited Panamera uber-saloon, due out in 2009.

porsche panamera

[Source: Left Lane News]

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