Concern annoyed extortion Porsche Volkswagen
June 28, 2009 – 8:54 pmautomakers Porsche has accused company Volkswagen (VW) and its key shareholder Lower Saxony in extortion after publication in the magazine Spiegel on that VW and the German regional authorities have demanded land from Porsche to take the concept of merging the two avtogigantov under VW.
magazine Der Spiegel reported Saturday on its website that the head of Porsche Wendelin Uidekinga and chairman of the board of directors Wolfgang Porsche are forced to agree by the end of June on a deal to sell German VW 49% stake in sports Porsche unit for 3-4 billion euros.
VW threatened that may insist on payment of a debt of 700 million euros, which took Porsche to buy VW, if Porsche abandon the proposal.
Guide Porsche has confirmed that he had put such an ultimatum on the part of VW and Lower Saxony.
«We do not accept solicitation … Ultimatums – this is not the methods of the 21 st century», – said Wolfgang Porsche and his Vice-Hyuk Uwe (Uwe Hueck).
«We very much believe in the interest of common goals that the authors of the ultimatum will remain calm and will pursue common objectives in internal negotiations and not through the headlines in the media», – says in the statement of Porsche.
VW did not comment Porsche Reuters response to the publication in the German journal.
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