Porsche Announces That It Controls Volkswagen, Offers To Buy Audi

With Porsche's revelation today that it owns 35.14% of Volkswagen shares comes the news that VW is now a subsidiary of Porsche, thus ending the long slog toward Porsche ownership » 9/16/08 10:20am 9/16/08 10:20am. Stuttgart has announced its intention to continue purchasing VW shares until it owns a 50% stake. Porsche also made an obligatory offer for…

Porsche Creeping Closer To Volkswagen Takeover

Furthering an effort begun by Porsche in 2005, an E.U. commission Wednesday granted permission for the sports car manufacturer to gain control of Volkswagen. If it seems that the buyout process has been happening in slow-motion, that's because it has: Thanks to arcane rules and buyout clauses, Porsche has had to… » 7/24/08 2:20pm 7/24/08 2:20pm