Three and a half years of talks have finally ended, with Porsche and VW agreeing to merge, but with the independence of all 10 brands maintained. Porsche had been trying to take over VW, a move resisted by Lower Saxony, which owns 20 percent of VW, and other shareholder groups. Financial Times
Posted by Ellen Wallace on 7 May 2009 at 8:05 |
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This work by genevalunch.com is licensed under a Creative Commons Attribution-NonCommercial-NoDerivs 3.0 Unported.
News story, GenevaLunch, 7 May 2009.
Filed under: World news
Tags: carmakers, German, Porsche, Volkswagen, VW
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