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VW-Porsche merger
Source: Agencies |
September 10, 2011, Saturday
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Print Edition
Print Edition
VOLKSWAGEN AG has said it would delay a merger with Porsche Automobil Holding SE beyond 2011 because of legal issues and examine other ways of creating an integrated auto group.
Porsche and Volkswagen agreed in 2009 to seal a merger deal by the end of 2011, but signaled in February the merger faced delays because of investor lawsuits and a criminal investigation of Porsche's former chief executive and its finance head.
Porsche and Volkswagen agreed in 2009 to seal a merger deal by the end of 2011, but signaled in February the merger faced delays because of investor lawsuits and a criminal investigation of Porsche's former chief executive and its finance head.
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