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VW says Porsche merger delayed beyond 2011 amid legal hurdles


Volkswagen AG said it would delay a merger with Porsche Automobil Holding SE beyond 2011 because of unresolved legal issues and examine other ways of creating an integrated auto group.

Porsche and Volkswagen in 2009 agreed to seal a merger deal by the end of 2011 but in February signaled the merger faced delays because of investor lawsuits and a criminal investigation of Porsche's former CEO and its finance head.

http://www.autonews.com/
 
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