Porsche raises stake in VW again, makes offer for Audi (2)
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Filed under: Euro, Porsche, VolkswagenPorsche has raised its stake yet again in Volkswagen, going from a bit above 30% ownership in the German giant to a solid 35.14%. The purchase apparently gives Porsche, or rather the company that owns Porsche - Porsche Automobil Holding SE - control over VW. It released a statement today that said, "as a result of this acquisition, Volkswagen... has become a subsidiary of Porsche Automobil Holding SE." Pursuant to German ...