The Porsche-Volkswagen takeover saga continues as Porsche has finally pushed its holding in VW over 50%. Porsche has held an interest of 74.1% in combined stock and options in VW since late last year, but has been waiting for economic conditions to improve to further increase its stake.

Porsche acquired its majority by purchasing another $8.49 billion worth of Volkswagen stock. Even though the its alot of money, it’s about 25% of what it would have took late last year when a confluence of market conditions drove VW’s share prices above $1,250 and temporarily made the company the most valuable in the world. …click here to read more

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FoMoCo’s Executive Chairman Bill Ford sold 1 million shares of his common stock holdings last week according to the SEC. Bill made $5.05 million on the sale according to a Form 4 filing. He still owns close 5 million shares along with 400,000 more through the company plan, voting trust and family trusts.

Ford spokesman Mark Truby said that the move was a completely personal financial planning decision on Mr. Fords part. Truby said that he sold the shares so he could get rid of debt that he incurred when he bought stock option shares outright in 2005 and 2006.

Last week was a week designated to officers and directors of Ford to buy and sell stock.

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