Wiedeking: VW could challenge Toyota; Porsche chairman hints at long-range plan.(Volkswagen AG)(Wendelin Wiedeking)(Porsche AG)

Automotive News Europe,  December, 2006  by Stein, Jason

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Byline: Jason Stein

Volkswagen could have a new long-range plan: Take on Toyota.

"If anyone can challenge Toyota, then it is Volkswagen," Porsche CEO Wendelin Wiedeking said at his company's annual meeting last week. "Porsche has confidence in Volkswagen's potential. ... There have to be some changes. There will be some changes."

The Stuttgart sports car maker is becoming a larger force in VW's decision-making. Porsche last week received supervisory board approval to boost its VW shareholding to 29.9 percent from 27.4 percent. Porsche is already VW's ...

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