VW and Porsche Postpone Merger Plans but Say “Goal Remains Unchanged”

Volkswagen and Porsche announced that they do not expect their merger to be accomplished within the period they originally established. In late 2009, VW acquired a 49.9% stake in Porsche for €3.9 billion ($5.3 billion) and initiated an integration plan that would be completed before the end of 2011. Read more »