Volkswagen halts talks with Porsche on tie-up (Reuters)

FRANKFURT (Reuters) - Volkswagen, Europe's largest carmaker, has halted tie-up talks with Porsche as it said its smaller peer and major shareholder was not ready for a merger.

FRANKFURT (Reuters) - Volkswagen, Europe's largest carmaker, has halted tie-up talks with Porsche as it said its smaller peer and major shareholder was not ready for a merger.

By Labutes IR:Volkswagen AG (VLKAY.PK) is one of the world's largest automobile manufacturers and the largest in Europe. Given its large size and global footprint, it faces competition virtually from almost every carmaker in the world.

FRANKFURT (Reu

Porsche SE shares surged on Friday after it won a dismissal of a U.S. lawsuit by 26 hedge funds, one of several legal actions over its purchase of shares in Volkswagen , Europe's largest carmaker. Posche ...

FRANKFURT (Reuters) - Porsche SE shares surged on Friday after it won a dismissal of a U.S.

Europe's largest carmaker, Volkswagen, says it plans to gradually take over German sports car maker Porsche.