A new tax problem is threatening prospects for Volkswagen to acquire sports carmaker Porsche. The continuing drama between Porsche and VW, the world’s second-largest automobile manufacturer, is starting to make German newspaper commentators squirm.
The struggle for power between Porsche and Volkswagen continues, despite an apparent breakthrough in negotiations late last week that suggested the two automakers would soon merge, with Wolfsburg-based VW assuming control of the Stuttgart-based company, and make the sports car-maker its 10th automobile brand.
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