Impatient souls who already count Porsche and Volkswagen as one will have to exercise restraint for a while. The planned amalgamation of the Wolfsburg monster with the racy shop from Zuffenhausen can drag on for a while, reports Automobilwoche [sub]. The reason: Pricks Lawyers.
After litigating hedge funds had appealed a court decision that had declared that they have no case, a decision of the court is expected in seven months at the earliest, in a year more likely.
The public prosecutor in Germany also isn’t finished with the research. Interim results are promised for this month. Interim results.
It doesn’t look like all matters will be settled this year. As long as cases are pending, Volkswagen will not tie the knot. Who wants to buy a company that possibly has to cough-up billions?