VW, Porsche say integration still on

May 19, 2009 9:37:56 AM PDT
The board chairmen of German carmakers Volkswagen and Porsche now say the two firms will work toward an integrated company. Ferdinand Piech, chairman of Volkswagen AG, and Wolfgang Porsche of Porsche SE expressed their intention in a joint statement.

They said that both companies will push ahead to achieve their goal "constructively and amicably."

On Sunday, Volkswagen had halted talks on combining forces with Porsche, citing lack of clarity about finances.

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