Porsche owns 74% of VW, creates market panic

[HeilSvenska]

Volkswagen was briefly the most valuable company in the world with $1,256 per share on tuesday after it was revealed that Porsche's continous purchase of Volkswagen options left only 6% of the company available for trade. That led investors to scramble for as many pieces of VW as they can get. VW's value went down, though, after Porsche announced that it was going to sell some of its options, but none of its 42.6% VW common stock.

http://ap.google.com/article/ALeqM5j...bDujQD9448I280