Published on
07/08/2026 - 15:38 GMT+2
Volkswagen’s biggest shareholder, Porsche SE, has called for the German car company to take immediate steps to fight off rising competition from Chinese auto brands. This could be the biggest overhaul in the company’s 89-year history.
The Porsche and Piëch families together control Volkswagen through their holding company, Porsche SE, which owns around 31.9% of Volkswagen’s equity.
“The Volkswagen Group is at a historic crossroads. The decisions that Volkswagen makes now will determine its future. For the sake of the company and its sustainable competitiveness, everyone must now step up and take responsibility,” Hans Dieter Pötsch, chairman of the board of management of Porsche SE, said in a press release.
