Porsche is speeding up its possible major holding of Volkswagon, communicating to the European Commission its intentions for acquiring a greater part of shares, as per standard procedure in these cases.

The EU will make a decision on June 18 regarding the move, and in the case of a green light, Porsche will proceed to the next phase, presenting its plans to 15 antitrust agencies. Eventually the acquisition will transform itself into a simple formality come autumn, or in the time forseen at Zuffenhausen.

Such success won’t be just symbolic: Porsche could even wiggle its way out of some of the European norms on emission, calculating that in the group many smaller models would mean re-distribution of CO2 emissions, produced mostly by the sports and SUV models.

Continue reading: Porsche knocks on European Commission's doors for control of Volkswagen

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