radioryan.net

The spokesman Michael Brendel Voks reiterated that the Volkswagen company denies having given an ultimatum to Porsche for making a decision on a planned merger of the two companies by the end of the month, after Porsche said on Saturday it had rejected this ultimatum.

“It seems that relations between Volkswagen and Porsche have reached the lowest point in history,” said analyst Tim Urquhart, IHS Global Insight. “What was already a difficult negotiation is quickly turning into farce,” he added. trading for dummies investors are watching these negotiations closely before investing in the new company, however the history and family connections between the two companies favor a poirsche Volkswagen alliance. Porsche said last month that their controlling families unanimously support the plan to accept an outside investor to preserve the independence of the company.

The automaker said on Friday that talks with the QIA was near completion after the qatarianos had completed the verification of accounts. The stories of Porsche and Volkswagen intertwine profoundly since Ferdinand Porsche designed the Beetle in the 30s. The supervisory board chairman of VW, Piech is the grandson of Ferdinand Porsche. The chairman of the supervisory board of Porsche, Wolfgang Porsche, is a cousin of Piech.