VW to Buy Out Porsche’s Shares "When The Time is Right"

It’s no secret that Volkswagen has wanted to add Porsche to its portfolio for quite some time now. After Porsche tried to acquire the VW Group without any success, the two companies decided in 2009 to complete a merger until the end of 2011.

The plan, however, was put on hold after lawsuits followed in the U.S. and Germany by Porsche shareholders who claimed that the latter had attained a debt of €10 billion (US$13 billion) in acquiring the majority of VW’s common stock.

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