Porsche denies plans to acquire VW premium brands

Newswire

HAMBURG, Nov 28 (Reuters) - German sports car maker Porsche , the largest shareholder in Volkswagen , denied on Tuesday speculation that it was looking to carve out Audi or any other premium brand from VW and merge them with Porsche. "There are no such plans," a Porsche spokesman said. "We do not see any sense to it either." The small niche carmaker from Stuttgart prefers independence, he added. Citing a confirmation from the "finance scene", German business daily Handelsblatt reported ...

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