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Berlin, Germany — German automaker Porsche SE says it is buying 1.5% stake of ordinary shares in Volkswagen AG from Suzuki.
Bigger stake
The purchase raises Porsche's share of Volkswagen AG's ordinary shares to 52.2%, and its stake in VW's subscribed capital to 32.4%.
The move comes days after Volkswagen was hit by a scandal over allegedly rigged US emissions tests in diesel vehicles.
Read: Emissions scandal: Now SA affected?
Porsche said in a statement Saturday (Sept 26 2015) that it considers the purchase "as a strong commitment to its core investment and emphasizes its role as an anchor shareholder" in Volkswagen.
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