Porsche and VW agree merger

Volkswagen and Porsche announced on the 6 May 2009 that they were to merge in a move that would turn Europe's largest carmaker into a family-controlled company and end a 3½ year takeover saga. The expanded group would be a truck and car powerhouse boasting well-known marques such as Porsche, Audi, Volkswagen and Bentley.

It would also create another big family-dominated carmaker in Europe alongside the Quandt-controlled German luxury carmaker BMW, Agnelli-held Fiat in Italy and France's Peugeot Citroën PSA group.

BBC News, 6.5.09: Carmakers Porsche and VW to merge http://news.bbc.co.uk/1/hi/business/8036748.stm

Porsche SE, Press Release, 6.5.09: Creation of an integrated car manufacturing group intended http://www.porsche-se.com/pho/en/news/?pool=pho&id=2009-05-06

VW: Press Release, 6.5.09: Sights set on integrated automotive group http://www.volkswagenag.com/vwag/vwcorp/info_center/en/news/2009/05/PorscheMay09.html

France24, 6.5.09: Porsche to merge with Volkswagen http://www.france24.com/en/20090506-auto-porsche-merge-volkswagen-germany-majority-stake-cars

Deutsche Welle, 6.5.09: Porsche agrees to merger with Volkswagen http://www.dw-world.de/dw/article/0,,4232220,00.html

Spiegel Online International, 4.5.09: Families in Dispute Over Future of Porsche http://www.spiegel.de/international/business/0,1518,622734,00.html

ESO: Background information: VW directors plan to oust Piëch http://www.europeansources.info/record/vw-directors-plan-to-oust-piech/

BBC News, 18.5.09: Porsche and VW merger 'in doubt' http://news.bbc.co.uk/1/hi/business/8055033.stm

Deutsche Welle, 17.5.09: Volkswagen breaks off merger talks with Porsche http://www.dw-world.de/dw/article/0,,4259832,00.html

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