porsche buys 20% of VW shares...
http://www.auto-motor-sport.de/news/..._ein.92274.htm
for those of you who dont read/speak german, here comes my short summary: porsche is buying 20% of VW shares, to prevent any hostile take-overs by other groups who might not have the best interest of VW in mind. because porsche, the bundesland/state Niedersachsen and VW now have a majority share in VW, a hostile take-over is impossible because the VW group is porsche's most important development partner, they want to secure their own future in this way...
man porsche is insanely rich
i hope they wont throw away all their money on this though, because they're already said to be spending 1 billion on the panamera development...but hey wendelin wiedeking has brought porsche in the fantastic position it is in now, and i guess he can be trusted with Porsche...
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