Porsche And Volkswagen May "Integrate"

By: Associated Press
By: Associated Press

German automobile maker Porsche is indicating that it and Volkswagen may be moving toward an "integrated" company, but says each would retain their independence.

Following private meetings of the Piech and Porsche families, the controlling share holders of Porsche Automobil Holding SE, Porsche issued a statement in Stuttgart Wednesday saying that they are now arguing "for the creation of an integrated car manufacturing group."

Porsche is currently Volkswagen's largest shareholder with 51 percent and it has said it wants to raise that stake to 75 percent but that it probably wouldn't be possible this year given the state of the economy.

WILX.com is happy to provide a forum for commenting and discussion. Please respect and abide by the house rules:

Keep it clean, keep it civil, keep it truthful, stay on topic, be responsible, share your knowledge, and please suggest removal of comments that violate these standards. Comments may take up to 24 hours or longer to appear on the site.

See full commenting rules...
powered by Disqus
WILX 500 American Road Lansing, MI 48911 517-393-0110
Copyright © 2002-2016 - Designed by Gray Digital Media - Powered by Clickability 44488222 - wilx.com/a?a=44488222
Gray Television, Inc.