Porsche executives are denying a report in the German newspaper, WirtschaftsWoche, that the company is planning to increase its share in Volkswagen from around 22% to nearly one-quarter. The denial of the report ran in Forbes earlier today, with a Porsche spokesman saying cryptically, "We deny the report." The original article in WirtschaftsRindfleischetikettierungs berwachungsaufgaben bertragungsgesetz indicated Porsche CEO Wendelin Wiedeking had told his managers about the plan at the Tokyo motor show this week.
Developing story: Porsche may increase VW stake to 24.9% [Left Lane News]
Porsche Shareholders on VW Deal: Noooooooo! [internal]