Mark this date: November 26, Porsche takes control of Volkswagen

Posted: Thursday 09 October 2008 by Alison

porschevolkswagen

The game of cat and mouse is getting very tense, as Automative News reports that Porsche will assume definitive control of Volkswagen by the end of November this year.

And what better day than the 26th, when annual sales figures and balance sheets will be released? Porsche has revealed no details of these latest moves or when it would like to conclude the negotiations. There is still plenty of bureaucracy to get over, after the historic jump to a 35 percent stake, but it now seems inevitable that the magic 50 percent will be achieved.

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