Volkswagen: Merger with Porsche goes ahead


Data suggested on Thursday in an upbeat outlook that takes the company "Volkswagen" German cars another step this year towards achieving its goal of becoming the largest automaker in the world.
He also stressed the President of the "Volkswagen," Martin Winterkorn Speaking at the annual press conference for the company in the city of Wolfsburg in northern Germany that the group plans to merge with a "Porsche" for German luxury sports car is still in force on the road. He said Winterkorn told reporters that "our group expects quarterly first strong on all fronts", and said that "production is at full capacity," and expressed the hope to solve the "Volkswagen" in place of "Toyota" as the largest producer of cars in the world by the year 2018. Sales of the company during the first two months of the year by 18% to reach 1.2 million units, with the contribution of its operations in Asia in the promotion of sales last year. And jumped the number of cars that have been supplied to China alone, more than 37% to reach 1.9 million vehicles. In addition to the core brand, "Volkswagen", other brands include the company, "Audi" of the SUV and the "Skoda" Czech company "Seat", headed by Spanish company "Bntleyz."
And will go ahead with plans on the integration of "Porsche" and "Volkswagen" Despite the emergence of a lot of legal and fiscal obstacles. He said Winterkorn, who is also head of "Porsche" I "I would like to emphasize that, depending on all the official questions, you will certainly arise the combined company." And went on to say that "the tax and legal obstacles that remain to be overcome in the future is not simple." The "Porsche" and "Volkswagen" and agreed to a merger in August, August 2009.
It is not expected to be completed the process of integration by next year. She stressed the "Volkswagen" again that it expects to exceed revenues this year, levels of the previous year and skipped a record operating profit of 7.14 billion euros last year. Chalsafip the profits of the group jumped last year to reach 6.84 billion euros versus 960 million euros in 2009. The "Volkswagen" last month that revenues rose by 12% up to 127 billion euros
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