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 …