VW- Porsche Settlement Appears At Hand

by Auto Observer on July 16, 2009

Finally, Porsche and Volkswagen appear close to a settlement, according to various parties involved who are being quoted by global media outlets. Porsche CEO Wendelin Wiedeking told Bloomberg Television Thursday that an agreement is likely in days. He refused to provide details but he did say a proposal for Porsche to be sold to Volkswagen “is already on the table.”