Latest News
VW/Porsche merger 'to begin'
17 November 2009
VW's board is set to formally approve its merger with Porsche later this week.
Although the merger has long been anticipated, VW's board will sign-off legal documents outlining the takeover. The documents are said to be thousands of pages long.
The owners of Porsche, which has been weakened by mounting debt, will then sign-off the documents, kick-starting the merger of the companies.
This will begin with VW buying a minority stake in the Porsche sports car business, and extend to be a full merger by 2011.
Twitter - follow autocar.co.uk
See all the latest Porsche reviews, news and video
Your say
Comments: 1 Join the discussion
News archive
Today's hottest stories
