Apr12
Volkswagen Porsche merger at risk over, First Porsche was buying the much larger VW, then Porsche got stuck in a cash crunch and needed money from Volkswagen to stave off bankruptcy. Now VW owns 49.9 percent of Porsche, and The People's Automaker expects to own the luxury sports car maker outright by 2011. Straightforward enough, right? Well, a prospectus filed by VW in late March reportedly shows that the merger between the two German automakers may be delayed until 2011 and beyond...
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