QD Autos

Volkswagen’s indigestible love or hate relationship with Porsche is once again firmly in the love circle.

The two German automakers have formed a working group at VW headquarters in Wolf’s burg to work out the details for a merger. The Volkswagen’s-Porsche functional group is made up of representatives from both automakers, as well as from worker councils.

As the news reported that the talk between them was broke down as VW declared Porsche lacked a legitimate plan for integrating the two companies. Then there was a change of mind in both the companies and stated that they would be working together and make advance the efforts to reach the required goal.

But this victory was a minor bit as Porsche is facing short-term financing issues. For which VW as insisted clear idea of the true state of affairs at Porsche and asked for a complete intelligibility with view to the present circumstances.

VW also insisted that Porsche should ensure all concerned, our employees, all shareholders and customers that there is no threat to Volkswagen’s financial stability and autonomy.

While on the other hand the bank wrote a letter that as longer Porsche waits with the announcement of the rights issue the more Porsche shares will fall and the higher the number of shares Porsche will have to issue to them.

Volkswagen deal has put them in an un-light situation which has resulted in them offering VW their car business, but so far that is unconfirmed.

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