VW's board is set to formally approve its merger with Porsche later this week.
Although the merger has long been anticipated, VW's board will sign-off legal documents outlining the takeover. The documents are said to be thousands of pages long.
The owners of Porsche, which has been weakened by mounting debt, will then sign-off the documents, kick-starting the merger of the companies.
This will begin with VW buying a minority stake in the Porsche sports car business, and extend to be a full merger by 2011.
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Re: VW/Porsche merger 'to begin'
You need a new proof reader!!
The best news could be better dynamics for Audi products which traditionally have the ride and handling of a broken skateboard.
Lets hope the VW board look after the heritage of Porsche and don't badge engineer a range of small SUV's. What we want is a small and affordable sports car along the lines of the elise, with low co2 to make it relevent to todays market without ruining their reputation as a maker of sports cars.
Also, please no Porsche badged hot hatches.