Volkswagen welcomes Porsche plan to up stake in VW


FRANKFURT, March 24 (Reuters) - Volkswagen welcomed the intention by its largest shareholder, Porsche , to increase its stake in Europe's largest carmaker further, VW said on Saturday. "A stable shareholder structure is very important for the long-term-oriented automobile business," Chief Executive Martin Winterkorn said in a statement. "The increased stake serves also to further secure our cooperation on the basis of the current governing contract," he continued. Volkswagen said it ...

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