Porsche originally planned to increase its stake over 50% by the end of 2008, but due to a massive short squeeze in late Oct., Volkswagen share prices rocketed, so Porsche had to wait a little bit more.
However, Porsche still does not have a controlling interest in VW. According to German law, control of a company requires a 75% share of the vote at a stockholder meeting. So Porsche’s CFO Holger Haerter said that Porsche is looking to increase its stake in Volkswagen AG to 75% later this year.
So does that mean that by the end of 2009 , Porsche will take over VW completely ? Does that mean that Porsche's 911 and Audi's R8 will become brothers ? Lets wait and see for what Porsche is preparing.