According to a report in the Germany' leading weekly magazine Der Spiegel, Volkswagen AG intends acquiring all of Porsche SE's sports-car making business - Porsche AG - for nearly 8 billion euros!

Without naming any sources for the information, the magazine has reported that, at a supervisory board meeting on July 23, the two adversary Porsche and Piech families - which together possess 100 percent of Porsche SE votes - would likely give Volkswagen (VW) their approval for a two-stage takeover of Porche AG.

The sale of Porsche AG would help Porsche SE pay off a large portion of its debt, which, according to sources-in-the-know has soared to a gigantic over 10 billion euros.

Once Volkswagen is through with the buyout of Porsche AG in two tranches - at first taking a 49.9 percent stake and later buying the remaining stake - Porsche will become a part of VW's integrated group of as many as ten brands.

The Spiegel report also elaborated that in the Volkswagen-Porsche would be a fairly 'enlarged' one - with the family owners of both carmakers holding a 50 percent stake; the German state of Niedersachsen holding 20 percent; and the Qatar Investment Authority holding a stake of between 14.9 percent and 19.9 percent.

Meanwhile, saying that the Spiegel report was a mere speculation, Porsche spokesman Anton Hunger said: "We have not been informed."