With the news this morning that Porsche A.G. increased their stake in VW to a majority, that old saw you always heard that “a Porsche is really just a VW” is ass-backwards. A VW is now a Porsche! So, all you GTI owners that really wanted a 911 are that much closer to your car ownership dream, aren’t you.

The announcement that Porsche has increased their ownership stake in VW from 42% to a majority of 50.76% also means that Porsche is now the world’s largest automaker. You thought GM was the largest? After all, GM produces a hell of alot more Silverado pickups (almost 500,000 annually) than Porsche makes 911s, Boxters, and Caymans combined.

Actually, if you look at the valuation of the two companies, VW was the largest. GM’s market cap as of this writing is $2.32 billion, whereas VW is worth 103.5 billion Euros. That means VW is worth 50 times what GM is worth.  So, hop in your Rabbit and pretend it’s a new 911 on your way in this morning.

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