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- - Porsche to control VW???? (http://986forum.com/forums/boxster-general-discussions/15674-porsche-control-vw.html)

70Sixter

03-03-2008 09:43 AM

Porsche to control VW????

:confused:

http://www.autospies.com/news/Porsche-Board-Gives-The-Go-Ahead-To-Aquire-Controlling-Interest-In-VW-27136/

Ofishbein

03-03-2008 11:16 AM

Porsche has had minority controlling interest in VW for some time and their purchasing outright control has been expected. It's only a matter of clearing a few regulatory hurdles - most of which have already fallen.

70Sixter

03-03-2008 12:42 PM

Yup, it is a 31% share. Ferdinand Piëch and Porsche's Wendelin Wiedeking both sit on VW's governing board.

And the German law protecting VW by limiting shareholders to 20% of votes was overturned in Oct 07.

Personally I see it as revenge for the 914-6 screwing that VW gave Porsche. :cheers:

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