Sign in to follow this  
Followers 0
NewsFeeder

AutoBlog: REPORT: VW cancels merger talks with Porsche

1 post in this topic

Filed under: Euro, Government/Legal, Porsche, Volkswagen

83416773-580op.jpg

According both automakers, the Porsche-Volkswagen merger has been stalled after VW's management determined Porsche "is lacking several fundamental conditions for the discussions." According to a VW spokesperson, the rift stems from Porsche's inability to demonstrate how the two companies would be integrated, but neither automaker has elaborated on why the talks have stopped. Informed speculation suggests that between management changes, structural considerations and Porsche's $12 billion in debt, VW is becoming weary of the merger. Although negotiations were supposed to continue today, according to sources inside VW, it's unclear when discussions will resume.

[source: Reuters | Image Source: Nigel Treblin/Getty]

REPORT: VW cancels merger talks with Porsche originally appeared on Autoblog on Mon, 18 May 2009 08:27:00 EST. Please see our terms for use of feeds.

Read | Permalink | Email this | Comments

di
di

autoblog?i=oV67xRobuLc:WPOqT7C8yas:wF9xT autoblog?i=oV67xRobuLc:WPOqT7C8yas:V_sGL
oV67xRobuLc

View the full article
0

Share this post


Link to post
Share on other sites

Your content will need to be approved by a moderator

Guest
You are commenting as a guest. If you have an account, please sign in.
Reply to this topic...

×   You have pasted content with formatting.   Remove formatting

×   Your link has been automatically embedded.   Display as a link instead

Loading...
Sign in to follow this  
Followers 0