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Porsche, VW to Merge

Luxury maker fails in takeover attempt

By Jason Farago,  Newser Staff

Posted May 7, 2009 4:53 AM CDT

(Newser) – Porsche has announced it will merge with Volkswagen after weeks of negotiation between the two German carmakers, reports the BBC. The deal puts an end to Porsche's efforts to take over VW. Porsche already owns a majority stake in the company. While details of the...   Read full story »

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