Porsche Acquiring Majority Stake in Volkswagen

Porsche Acquiring Majority Stake in Volkswagen

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The relationship between Audi, Volkswagen, Lamborghini and Porsche is complicated at best, but this most recent news could help to clarify things just a little. Porsche has announced that it will be increasing its stake in Volkswagen to over 50 percent, effectively making the Boxster-maker the majority owner of the Rabbit-maker.

This is an increase from Porsche’s current stake in Volkwagen, which sits at 31 percent. Porsche CEO Wendelin Wiedeking assures that this move is not to merge the companies, but to rather forge “one of the strongest and most innovative automobile alliances in the world.” You could say this would be similar to what Daimler attempted to do with its acquisition of Chrysler some years back.

Over the years, Porsche has slowly been increasing its presence in Volkswagen and this move to a majority stake can only further the cooperation between the two companies. We already see the sharing of components between the Touareg and Cayenne. Next to Porsche, the next biggest stakeholder in VW is the German state of Lower Saxony.

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