Porsche and Volkswagen to Merge Next Year
Published Thursday, 24 November, 2011 by Blog Admin. Categories: News.
Late in 2009, Volkswagen AG announced a merger with Porsche AG, in which it would take a 49.9-percent stake in the company. They also announced that the second half of the merger would take place by sometime in 2011, but as the summer wound down, Volkswagen announced that, though the plans would go forward, it has become unclear when they will be able to complete the merger.
Both companies are still committed to completing…