Finally: Porsche and VW are merging as a sole group
By Andrew C., 26 Aug, 2010. 0 Comments
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Finally Volkswagen made a decision, Porsche and VW are merging as a sole group under the management of Volkswagen. After three years of arguing for the leadership as Porsche initially intended to take over VW, now the wheel reversed. Due to the huge debt of €3bn Porsche has to return to the German state, no later than last week VW was almost dropping out the deal. VW seems to be decided to attract also other shareholders, approving an investment from the state of Qatar. As VW chairman, Martin Winterkorn, himself declares, Porsche will be able to continue its independent development under the aegis of Volkswagen and preserve its own identity, just as same as happened to Audi.
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