Volkswagen to hoard cash ahead of Porsche deals

Newswire

* VW CFO says needs liquidity to fund expansion plans * Gives no indication any MAN bid on the immediate agenda * Hints Porsche SE merger ratio may come before cap hike * Porsche SE pref holders to only get VW pref shares -CFO MUNICH, July 29 (Reuters) - Volkswagen will keep adding to its more than $20 billion cash pile as it girds for an acquisition spree that could help it overtake Toyota as the world's number one carmaker before the decade is out. VW finance chief Hans Dieter ...

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