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Sunday, 19 June 2011

Porsche schedules special meeting on VW merger

Porsche Automobil Holding SE said it has scheduled an extraordinary general meeting for mid-December, at which its shareholders will vote on a merger with Volkswagen AG. VW wants to overtake Toyota Motor Corp. as the world's largest carmaker with 10 million vehicle sales annually by 2018 through a mixture of aggressive acquisitions, emerging market growth and streamlined production costs. Vcommindia News
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