Porsche wants to increase its stake in Volkswagen to 24.9 pct, according to a report from German weekly WirtschaftsWoche, citing Porsche sources. Shortly after this story surfaced, Porsche rejected the report. “We deny the report,” a spokesman said, with no further comment. The original report said said Porsche CEO Wendelin Wiedeking informed Porsche managers on the sidelines of the Tokyo Motor Show in Japan about the plan. It said Wiedeking had told the managers that Porsche already holds 22 pct in VW.
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