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VW claims Porsche deal clears path to global manufacturing leadership

Volkswagen is set to sign a deal to acquire the remaining half of Porsche, taking Europe's largest carmaker one step closer towards becoming the world's top car manufacturer, Reuters has reported. "We're wrapping up one of the most significant projects in the automotive world," VW chief executive Martin Winterkorn said. The deal allows VW to speed up Porsche's integration into a multi-brand empire that aims to sell 10 million vehicles a year to become the world's biggest by 2018. "Together we are more capable than ever of becoming the best auto company on the planet," he said, adding that VW was poised to invest "massively" in new shared technologies and production.