Porsche increases holding to 42.6%

On Sunday, Porsche made a move to increase its stake in Volkswagen to 42.6%. Porsche hopes to increase this to 75% and full control of Volkswagen by 2009, with an interim goal of 50% by November.

Just last month, Porsche increased it's stake to 35.14%, thus gaining control of Volkswagen. This puts the many brands under the Volkswagen umbrella in jeopardy, with Porsche wanting access to Audi.

Source: Autoblog.