Porsche sees no short-term steel merger impact

Newswire

STUTTGART, Germany, Jan 27 (Reuters) - German luxury sports car maker Porsche sees no immediate impact from a proposed takeover by Mittal Steel of rival Arcelor , Porsche's finance chief said on Friday. "Let's wait and see. At the moment we have long-term contracts and thus don't expect any change," Holger Haerter told reporters when asked about the potential fallout should the world's two biggest steelmakers join forces. "We have always been able to compensate for higher steel prices ...

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