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Porsche and VW to join brands
- Middle East: Thursday, May 07 - 2009 at 09:57
Porsche Automobil Holding has agreed to explore a merger with Volkswagen. The two companies said they had agreed on a blueprint to create an 'integrated car manufacturing group' within four weeks. Under the new group, '10 brands shall stand below an integrative leading company,' Porsche said in a statement. Volkswagen has been in charge of nine brands - Volkswagen, Lamborghini, Skoda, Bentley, Bugatti, Audi, Scania, Seat and Volkswagen Commercial Vehicles, while Porsche Automobil Holding has run the sports car brand independently.
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StaffThursday, May 07 - 2009 at 09:57 UAE local time (GMT+4)
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