There remains fears that sports car programs from Audi, Bentley and Bugatti that could potentially compete with Porsche’s own sports models could be canceled once the Stuttgart-based carmaker takes control, reports Automotive News. The German government is also fearful that greater control by Porsche could see thousands of VW workers lose their job.
In response to Porsche’s takeover announcement, the German government approved a revised version of its 48-year old VW Law, which mandates that any major strategic decisions within VW would still have to be approved by just over 80% of shareholders. This means that decisions made by Porsche, even with a controlling stake, could be blocked by the German state of Lower Saxony, which still holds 20% of VW.