Filed under: Porsche, Volkswagen
In late 2009, Volkswagen announced that it would take a 49.9-percent stake in Porsche AG, with the full merger of the two companies expected to be finalized sometime in 2011. Well, 2011 only has a few more months left, and Volkswagen has officially announced that these plans won't come to fruition in the time frame originally laid out in the merger's comprehensive agreement. Still, both VW and Porsche are committed to making this merger happen, but at this point, it's just unclear when it will happen. Follow the jump for Volkswagen's official release.Continue reading Volkswagen/Porsche merger not happening this year
Volkswagen/Porsche merger not happening this year originally appeared on Autoblog on Thu, 08 Sep 2011 15:16:00 EST. Please see our terms for use of feeds.
Permalink | Email this | Comments