There are a growing number of skeptics wondering whether the formal merger of Volkswagen and Porsche will ever be completed or whether they might leave each other at the altar.
The tie-up was triggered by Porsche’s abortive attempt, in 2009, to buy out its German rival. Struggling under massive debt and unable to complete the David-v-Goliath takeover, the smaller maker said it would become the latest brand in VW’s growing portfolio.
But the consolidation has proven harder than anticipated to complete, even though a former VW executive is now running day-to-day operations at the Stuttgart sports car company. According to German reports, VW will either have to exercise an option to buy out the 50.1% of Porsche it doesn’t already own or the two will need to reshape their current agreement.
A statement from VW insists that, “All parties remain committed to the goal of creating an integrated automotive group…and are convinced that this will take place,” but the kicker suggests there’s less confidence than this suggests, The statement also cautions that VW will now, “analyze whether other potential courses of action exist.”