Porsche to control VW????

[70Sixter]

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

[Ofishbein]

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]

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.