We have been informed about the possible relationship between Porsche and Volkswagen for several weeks already and soon before it was pursued, Porsche released a statement today that they are not planning to complete and expedite the take over.
Porsche recently enlarged its ownership with Volkswagen AG as the information from the net tells us. The increase was actually bound by law in Germany to be able to purchase the controlling interest. The car maker Porsche did not acquire much of the Volkswagen share hold because Porsche does not want to fully acquire the car company.
The door is so open for Porsche to increase its share hold on its fellow German automotive manufacturer Volkswagen but the company seems to be uninterested in acquiring the entire Volkswagen which was also founded by the Porsche developer Ferdinand Porsche. This is because if Porsche will completely take over the Volkswagen, the stake will be up to 50% without the existence of legal issues and bureaucracy. However, Porsche is still deciding on this matter.
Hmmm… I wonder what would be the fate of VW then?