Porsche SE schedules EGM on Volkswagen merger

Newswire

FRANKFURT, June 17 (Reuters) - Porsche SE said it has scheduled an extraordinary general meeting for mid-December, at which its shareholders will vote on a merger with Volkswagen . VW wants to overtake Toyota as the world's largest carmaker with 10 million vehicle sales annually by 2018 through a mixture of aggressive acquisitions, emerging market growth and streamlined production costs. Getting full control over the lucrative Porsche AG sportscar business and its industry-leading ...

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