The European Commission has stated that the law protecting Volkswagen from foreign takeovers is illegal. The EU Court is scheduled to rule next week on the matter but normally follows the Commission's guidelines.

Of course, right now Porsche with 31%, and Lower Saxony with over 20% retain a majority holding in Volkswagen AG so the threat of outside takeovers is rather moot, this does clear the way for Porsche to acquire more shares in the company. While Porsche's recent overtures to shareholders were made only as a matter of course, offering below market price, they do retain options to purchase more equity in the company. And, with Porsche on the board, and Ferdinand Piech sitting along side, I personally see Volkswagen (and Audi, Lambo, Bentley, etc.) only benefiting from the new direction that Porsche's involvement entails. Maybe it's a good time to invest in VW?