Porsche Struggling To Control Volkswagen

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Gaining control of Volkswagen isn’t going to be plain sailing for the Stuttgart sportscar manufacturer.

vw porsche wheels

According to The International Herald Tribune, another major shareholder in VW – the German state of Lower Saxony is trying to increase its stake in the Wolfsburg company from 20.75 to 25.1 percent. If they achieved this, it would give them the blocking minority that Porsche had been hoping to accomplish.

Porsche would really benefit from a stronger relationship for such projects as the Porsche Cayenne and Panamera (for which VW are building the bodies).

pork pan

[Source: Left Lane News]

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