VW to take full control of Porsche

The most convoluted saga in car industry history is due to end this August when VW will buy the 50.1% of Porsche's parent company that it does not already own.

This ends a battle that started in 2005, when Porsche, bizarrely, started buying into VW and then tried to swallow its vastly bigger German neighbour. Think of those wildlife films where a snake swallows a deer, but substitute an elephant for the deer, and you get the idea of the difference in scale.