UPDATE 1-Porsche fumes at VW, Lower Saxony 'extortion'

Newswire

* VW, Lower Saxony demand tie-up, with VW in charge-report * Proposal would see VW take 49 pct in Porsche AG-report * Qatar would buy Porsche's stock options in VW-report (Adds Porsche statement) FRANKFURT, June 27 (Reuters) - Porsche accused Volkswagen and its key shareholder Lower Saxony of extortion following a magazine report that VW and the regional state had demanded Porsche accept a tie-up of the two carmakers with VW in charge. Der Spiegel magazine reported in its online ...

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