The fight for control of Volkswagen is at the bottom of the barrel. Both Porsche and the state of Lower Saxony maintain the struggle for taking the reins of the automotive group Europe's most profitable. You have completed the set time for the acceptance of the tender offer launched by Porsche and therefore has not achieved its main objective.
... already has 30.94%. Still not clear what will happen eventually but it looks like Porsche achieve its objective after the refusal by the European Commission called "Volkswagen Law" for which no shareholder may exceed the number of votes in the supervisory board the state of Lower Saxony.
In tandem with this economic mess in the Bavarian group cooperation between Porsche and Volkswagen is strengthened more. Have initiated new agreements that will be new joint projects like the new Porsche Panamera and the new racks for the Cayenne, Touareg and Q7. And although at first Porsche shareholders were reluctant to bulk purchase of shares of VW, has proved very successful economic performance improved significantly in the last year even selling fewer cars than in previous years.
Source: World
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