Porsche was scheduled to fully merge with new parent Volkswagen by the end of 2011, but an investigation of two former Porsche board members could push the merger until 2012 or beyond.
German prosecutors are still investigating two former Porsche board members for share-price manipulation, which will delay the planned merger until at least 2012. The German automaker says the investigation “is relevant for the valuation of damage claims raised against Porsche†and that the “valuation must be made for the purposes of the merger.â€
Following the failed takeover of VW, Porsche agreed to combine with VW in the summer of 2009. Per the terms of that agreement, the two companies were to merge during the second half of 2011.
It remains to be seen how the delayed merger could affect future vehicle plans, but Porsche is still hopeful full integration “can be achieved even after 2011.â€
References
1.’Porsche, Volkswagen…’ view
