Volkswagen says tax man to benefit from Porsche tie-up

WOLFSBURG, Germany (Reuters) - Volkswagen aims to integrate sports-car maker Porsche as soon as possible, although it dampened reports saying a tax-exempt method to complete the transaction has already been found. "We aim to complete the integrated automotive group as quickly as possible," Chief Financial Officer Hans Dieter Poetsch told journalists on the sidelines of a ceremony at VW's headquarters in Wolfsburg, Germany on Tuesday. ...

WOLFSBURG, Germany (Reuters) - Volkswagen aims to integrate sports-car maker Porsche as soon as possible, although it dampened reports saying a tax-exempt method to complete the transaction has already been found.

LEIPZIG, Germany (Reuter

BERLIN (Reuters) - Ger

Volkswagen, Europe's biggest carmaker, said on Friday that its supervisory board had cleared the way for its planned takeover of sportscar maker Porsche.The German giant said in a statement that its supervisory board had approved on Thursday contracts determining details of the two firm's complex tie-up. Porsche's board was expected to follow suit on Friday.The approvals are expected to draw a line under a fierce power struggle between the two automakers in recent years that counts Porsche's former boss Wendelin Wiedeking and its finance chief as casualties.

WOLFSBURG, Germany (Reuters) - Volkswagen , Europe

WOLFSBURG/FRANKFURT (Reuters)

STUTTGART, Germany (Reuters) - German auto manufacturer Volkswagen wants to buy the second half of Porsche's car-making business before August 2014 when the purchase would be free of tax, Martin Winterkorn, chief executive of the Porsche SE holding company and Volkswagen said on Monday. "It's not in the interest of any of the parties to wait that long, neither the companies nor the tax authorities," Winterkorn said in remarks prepared for delivery at Porsche's annual shareholder meeting in Stuttgart. VW acquired 49.9 percent of Porsche AG for 3.9 billion euros ($4. ...