Porsche AG, the Germany luxury sports- car maker, said it plans to increase its stake in Volkswagen AG to 19 percent from 10.3 percent as it moves to fulfill a goal of holding ``around 20 percent'' of Europe's biggest carmaker.
``We will try to reach that 19 percent quite soon,'' Immo Dehnert, a Porsche spokesman said today. He added that Porsche currently holds 10.3 percent of Volkswagen and hasn't added shares since Sept. 28. ``We always meant to buy 19 percent.''
Click here for the full article