Porsche Automobile Holding SE plans to hold a crucial meeting of shareholders in mid-December to determine the "merger" with Volkswagen AG (VW). VM wants to beat Toyota Motor Corp. as the world's largest automaker by sales of 10 million cars annually by 2018, it was certainly aggressive with acquisitions, growth in emerging markets and cost efficient production.
Porsche will be enthusiastically merging with VW to beat Toyota dominance
Takeover sports car company Porsche AG and the industry is the goal of VW's strategy and took the Porsche SE is the key to that success.
Separately, Porsche SE and Volkswagen CEO Martin Winterkorn said the company's Group have been prepared for "unexpected growth" due to world economic conditions today are very "challenging," he said, referring to the elevated prices of raw materials and state debt.
Volkswagen on the verge of success of the business in 2011, Winterkorn said in his speech to the annual meeting of shareholders of Porsche in Stuttgart earlier this week.
