Kinda, VW indeed owns Porche AG 100% today. However it was more complicated than that. Porche owned 50+% of Volkswagen at the time of Volkswagen buying them.

Kinda, VW indeed owns Porche AG 100% today. However it was more complicated than that. Porche owned 50+% of Volkswagen at the time of Volkswagen buying them. Porche got over extended and leveraged buying Volkswagen . The management family is closely connected since the start and at the time in early 2010s 20% government ownership rule was just getting stuck down by European courts .