Fears of a Volkswagen AG takeover in the past week, with a mystery buyer amassing shares, were unwarranted, as it was Porsche AG using its cash reserves to secure a 20% voting stake of VW. Porsche says it is protecting its long-term interests, as the two auto makers partnered to produce the Porsche Cayenne/VW Touareg cross/utility vehicles and are jointly developing a hybrid system for the CUVs. The ties run deeper. Ferdinand Piech, the former VW chairman who heads the supervisory board, ...
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