Volkswagen gained ownership of Scania by first buying Volvo's stake in 2000, after the latter's aborted takeover attempt, increasing it to 36.4% in the first quarter 2007. It then bought out Investor AB in March 2008, raising its share to 70.94%. The deal was approved by regulatory bodies in July 2008. Scania then became the ninth marque in the Volkswagen Group. By 1 January 2015, Volkswagen controlled 100% of the shares in Scania AB.