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Volkswagen Close Merger Deal with Porsche

Volkswagen and Porsche announced today that they reached an agreement to merge their operations to create an integrated automotive group led by VW. Under the agreement, Volkswagen will buy a 42 percent stake in Porsche’s automotive unit by the end of 2009. The merger which will see the creation of a group with 10 brands, sales of around 6.4 million ...

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