Mr Wiedeking attributed the firm's resilience this time to good engineering, management and distribution.
BBC: Porsche weathers world motor slump
It was Porsche chief Wendelin Wiedeking's idea to buy into VW, Mr Baumann says, in order to "secure the independence of our company".
BBC: NEWS | Business | Unstoppable Porsche unveils fastest car yet
Mr Wiedeking has gained a seat on the Praesidium, the inner circle of Volkswagen's supervisory board, and his chief financial officer Holger Haerter is set to join the board on 3 May.
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