Oct. 7 (Bloomberg) -- Porsche SE aims to build its stake in Volkswagen AG to more than 50 percent by Nov. 26, Sueddeutsche Zeitung reported, without saying where it got the information.

The sports-car maker owns 35 percent of VW and wants to be able to announce an expanded investment at its annual earnings press conference on that day, the newspaper said.

Stuttgart, Germany-based Porsche has previously said it planned to expand its holding in Volkswagen, Europe's largest carmaker, to more than 50 percent by November.

To contact the reporter on this story: Chris Reiter in Berlin at creiter2@bloomberg.net

Last Updated: October 7, 2008 04:03 EDT