Sep
20
VW just trying to buy time? Analysts speculate…
New Porsche Carrera 911 S
Porsche has little choice but to sell its sports car business to Volkswagen… according to recent Reuters article.
(Reuters) – …. without a full merger of the parent companies, leaving the families that own Porsche with a tighter grip on the car and truck empire, people familiar with the talks said.
…Porsche Automobil Holding SE and the Wolfsburg, Germany-based maker of the Beetle last week said they would not be able to complete the planned merger this year as agreed because of unresolved legal risks…
…Analysts said VW was likely just trying to buy time by talking about possible alternatives and prevent an even bigger sell-off in Porsche shares that would hurt the Gulf state of Qatar, a key mutual investor of both carmakers…
