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Eventual Merger Seen
Source: Agencies |
July 24, 2009, Friday
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Print Edition
Print Edition
VOLKSWAGEN AG said yesterday it will pursue an eventual merger with Porsche SE under VW's leadership, vowing the luxury sports car maker will retain its independence.
The Wolfsburg-based auto maker, Europe's biggest by sales, said its supervisory board, the German equivalent to a United States board of directors, plans to hold talks with Porsche Automobil Holding SE "in order to reach a final concept fulfilling this goal."
VW said the planned merger makes them even stronger.
The Wolfsburg-based auto maker, Europe's biggest by sales, said its supervisory board, the German equivalent to a United States board of directors, plans to hold talks with Porsche Automobil Holding SE "in order to reach a final concept fulfilling this goal."
VW said the planned merger makes them even stronger.
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