Porsche increases Volkswagen to 50%

Porsche continues to stir, the dog by upping its stake in VW to more than 50%. The movement, which cost 8.49 billion U.S. dollars Porsche, a further 8% owned by the German car manufacturer game. The switch to a discount of 50% occur, should be completed by the end of 2008, but a bit of margin squeeze in VW shares rose 210 euros more than 1000, the move is delayed. Porsche increases Volkswagen stake is also the major producers of indirect control of Swedish truck maker Scania. The Swedish law requires a mandatory takeover bid, but because Porsche has no interest in the technology of trucks, which not only the necessary minimum.

The smallest Porsche intentionally in a bid to VW, the largest and their plans are not limited to 50%. A Porsche spokesman told Automotive News that while the conditions of the market, intends to make a contribution of 75% at the end of 2009. And once you believe that Porsche is worried that the small size makes them vulnerable to takeover by other companies.