Since summer 2009, Volkswagen has owned approximately 49 percent of luxury automaker Porsche. They were planning to acquire the second half by the end of the year. But, things aren't really going according to plan. VW pulled the brakes on the plan, earlier this month, causing a ripple effect among European stocks.
The operative word here, however, is "brakes". VW hasn't decided not to move forward with the Porsche merger. They've simply postponed the pact until some unresolved issues become a little more, well...resolved. Much of what happens in the future relies on VW's investigation into Porsche operations.
Porsche, however, remains optimistic. Speaking at the Frankfurt Motor Show, Matthias Muller, CEO, Porsche explained how VW is expected to push ahead with plans to acquire the 51-percent of Porsche they don't currently own, early next year. Muller also divulged post merger synergies could be upwards of 820-million dollars.
We will know for sure what happens between Porsche and VW, soon. Whether its Porsche's proposed Plan B or another pact altogether, Volkswagen is expected to present the next step to the automaker's Board of Management before the close of 2012.
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