Eventual Merger Seen

Source: Agencies | July 24, 2009, Friday |

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.

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Eventual Merger Seen

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