Volkswagen Approves The Porsche Merger VW’s board has approved the merger with Porsche AG, which is a subsidiary owned by Porsche Automobil Holding SE.
Volkswagen will purchase 49.9 percent stake in Porsche AG by the end of the year, and the full merger with Porsche Automobil Holding SE will take place by 2011.
It said that the Porsche and Piech families have signed the documents for this merger, and...
by Dean at November 23rd, 2009 at 04:11 pm