Volkswagen has announced that it will take a 49.9% stake in sports car maker Porsche in a first step towards merging with the company. Volkswagen’s initial plan was to acquire 42% of Porsche and with the increase in stake, Volkswagen’s position in the equation will be stronger sooner than expected. The German auto giant also assured that the merger between both companies is still scheduled to take place in 2011. Currently both companies are working together in certain areas such as manufactur
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