Porsche raises its stake in Volkswagen

Porsche raises its stake in Volkswagen
Sports car manufacturer Porsche has announced that they have now raised their stake in the German automotive giant Volkswagen.
This increased stake in VW now gives them effective control over the Europe’s largest automaker.
Porsche now has 35.14 percent stake in the company.
With this, Volkswagen has basically now become a subsidiary of [...]