BERLIN, Feb 27 (Reuters) - Volkswagen made no decision at a supervisory board meeting on Monday on how to combine with Porsche, a high-ranking official said, as the carmaker seeks to avoid being hit by a billion-euro tax bill in the process. "There is a firm commitment on the part of VW to reap synergies as quickly as possible but not at all costs," the official told Reuters. VW faces having to pay about 1 billion euros ($1.35 billion) in tax if it were to buy the remainder of Porsche's ...
Premium Content (PAID Subscription Required)
"Volkswagen keeping options open on Porsche - source" is part of the paid WardsAuto Premium content. You must log in with Premium credentials in order to access this article. Premium paid subscribers also gain access to:
All of WardsAuto's reliable, in-depth industry reporting and analysis
Hundreds of downloadable data tables including:
• Global sales and production data by country
• U.S. model-line inventory data
• Engine and equipment installation rates
• WardsAuto's North America Plant by Platform forecast
• Product Cycle chart
• Interrelationships among major OEMs
• Medium- and heavy-duty truck volumes
• Historical data and much more!
Current subscribers, please login or CLICK for support information.