VW Can Afford To Wait

her twist in the ongoing power struggle between the two German automakers, Volkswagen (VW) has called off talks over a merger with premium brand Porsche, with CEO Martin Winterkorn saying that VW needed 'full transparency' about Porsche's debt load in order to be sure that a deal would not jeopardise its own finances. VW and Porsche had agreed to form an 'integrated car manufacturing group' in June, after the latter was forced to abandon its three-and-half-year pursuit to take control of the former by increasing its 51% stake to 75%. Indeed, having hitherto been relentlessly pursued by Porsche, cash-rich

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