Volkswagen Stopped Talking To Porsche About Merger – For Now
Miscellaneous | Dean | May 19, 2009 at 22:51
Volkswagen have stopped their talks with Porsche about a merger, as they have said that Porsche are not ready for a merger. The automakers had a sit down yesterday, where they spoke about the possibility of Porsche obtaining a 75 percent stake in VW.
“We recognized at the end of the week that Porsche is lacking several fundamental conditions for the discussions,” a spokesman for VW told Reuters.
VW also said that Porsche do not have a strategy at the moment, and they do not actually know where they are headed. The VW spokes person has said that VW are still open to Porsche.
Porsche had no comment on this.
This could either be that VW are stalling the situation, or Porsche might just want to rush ownership on VW. Let us know what you think below.
[s:egmcartech]
Tags: Porsche, VW
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“We recognized at the end of the week that Porsche is lacking several fundamental conditions for the discussions,”..hahahaha…they're pissed with Porsche..they can't bear it anymore..they can't stand the fact the Porsche is superior..listen to him say that..
Yup.
Porsche are so over this game that VW are playing, they don't even comment anymore.
I bet the next meeting will be completely different..
It's just a matter of time