VW/Porsche merger 'to begin'

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.

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MattDB

Re: VW/Porsche merger 'to begin'

2 years 27 weeks ago

You need a new proof reader!!

The best news could be better dynamics for Audi products which traditionally have the ride and handling of a broken skateboard.

Lets hope the VW board look after the heritage of Porsche and don't badge engineer a range of small SUV's. What we want is a small and affordable sports car along the lines of the elise, with low co2 to make it relevent to todays market without ruining their reputation as a maker of sports cars.

Also, please no Porsche badged hot hatches.

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VW/Porsche merger 'to begin'

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