Porsche buys 1.5 percent of VW typical shares from Suzuki

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BERLIN (AP) — German automaker Porsche SE says it is shopping 1.5 percent interest of typical shares in Volkswagen AG from Suzuki.

The squeeze raises Porsche’s share of Volkswagen AG’s typical shares to 52.2 percent, and a interest in VW’s subscribed collateral to 32.4 percent.

The pierce comes days after Volkswagen was strike by a liaison over allegedly fraudulent U.S. emissions tests in diesel vehicles.

Porsche pronounced in a matter Saturday that it considers a squeeze “as a clever joining to a core investment and emphasizes a purpose as an anchor shareholder” in Volkswagen.

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