Porsche-VW merger talks stalled
Industry insiders point to Volkswagen shareholders becoming wary after initial discussions.
An anonymous Volkswagen spokesperson contended that Porsche also "lacked a plan to properly integrate the two companies". Then there is also the matter of Porsche's debt, which currently amounts to US$ 12 billion.
Another roadblock which stands in the way of the merger is the central issue of leadership. Who is going to lead the new company once the merger is complete?
Volkswagen's CEO, Martin Winterkorn has been mentioned quite a few times. However, it has been reported that Porsche are not too keen on this idea.
Porsche and Volkswagen will be meeting again during the week to continue discussions.
Credits: JRC
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