VW denies having issued ultimatum to Porsche

Newswire

FRANKFURT, June 28 (Reuters) - Volkswagen said it had not presented Porsche with an ultimatum to accept its layout for a merger of the two carmakers, denying a media report and accusations from Porsche. "There is no ultimatum," a VW spokesman told Reuters on Sunday. He would not comment further. Porsche on Saturday accused VW 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 ...

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