Porsche increases its influence at Volkswagen.(Porsche AG increases executive interference in Volkswagen group )

Automotive News Europe,  February, 2007  by Stein, Jason

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Byline: Jason Stein

Porsche will influence more of the decision-making at Volkswagen group but it isn't likely to take over Europe's largest carmaker anytime soon, industry insiders say.

Speculation about Porsche's role in VW increased last week when a European Court of Justice advisor said the so-called "VW Law" should be scrapped. The 47-year-old law prevents any VW shareholder from exercising more than 20 percent of the carmaker's voting rights.

Porsche is VW's largest shareholder with a 27.4 percent stake.

At last month's Detroit auto show, Porsche CEO ...

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