Volkswagen and Porsche Create Integrated Automotive Group
Accelerated integration model permits combination of automotive business with expected effect as from August 1, 2012 Porsche’s automotive business will be contributed in full to the Volkswagen Group ahead of schedule for around €4.46 billion plus one Volkswagen ordinary share Net synergies of approximately €320 million from the accelerated integration will be split 50:50 between the two companies CEO Prof. [...]
