The German sports car maker Porsche is just one court away from its ambition of gaining complete control of Volkswagen. Porsche has already succeeded acquiring 31 percent stake at the Wolfsburg-based manufacturer and still wanting to take the rest of the majority-stake in ownership in case the European Court of Justice finally rule the “Volkswagen Law” illegal in the upcoming October 23 hearing.

It can be remembered that the Volkswagen law is what keeping Porsche from gaining compete control of Volkswagen and with it repealed gives the German sports car maker the freedom to finally achieve its goal of Volkswagen domination. LOL

So what is this Volkswagen Law? It was implemented after the Second World War and basically prevents anyone or any company from obtaining more than 20 percent of the Volkswagen’s voting rights. The main objective of this law is for the German government as well as the government of the state of the Lower Saxony to get a seat on Volkswagen’s supervisory board.

And for the past four years the European Commission has been examining this law, as a matter of fact the EU advocate-general Damaso Ruiz-Jarabo stressed that the Volkswagen Law is damaging to the European Union in the sense that it hampers the flow of free trade. According to The Times, the European Court of Justice sides with the advocate-general 80 percent of the time.

The acquisition of additional stocks on Volkswagen by Porsche has brought positive results to Europe’s largest automaker especially in terms of stocks which has increase in price significantly.

If ever the European Court of Justice finally invalidates the Volkswagen law, the cost of Porsche takeover will raise due to the price increase. Porsche plans to spend €8.6 billion to buy additional shares on Volkswagen that is in case the VW Law is finally repealed. The German sports car maker has already spent €5 billion for the 31 percent stakes of Volkswagen. The total investment of Porsche is now valued at over €16 billion.