Originally Posted by tforth
They don't need 75% to have control. From the sources I have spoken with, it's pretty much a done deal. Wiedeking has even stated that he feels VW will eventually unseat Toyota. This sounds crazy, but then again Porsche was at the brink when he took over. Maybe you don't remember, but in the early '90s when they were losing money hand over fist, everybody was speculating on who would take out Porsche. This was around the time when all of the other sports car manufacturers had been, or were in the process of being overtaken by the large OEs.
Porsche's fortune has improved immensly under his leadership. It has the highest profit/vehicle of any OE in the world, when most of it's direct competitors are loss leaders for major OEs. It is in the process of buying the largest OE in Europe, while it only makes around 100k cars/year. He really has earned his salery.
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I don't think I ever said you need 75% to have control, all I pointed out is they only have 31% share of VAG. Also, according to everything I have read it is quite unlikely that they will ever own 51% (majority share holder) because the powerful unions in the VAG won't let it happen and they are working on legislation to prevent it from happening. Porsche seems to be the only supporter of buying more of VAG, but I haven't found others that support it. I'm curious as to who does though.