Prominent umlaut-junkies barked today that Volkswagen and Porsche have finally agreed on a merger, making Porsche the tenth member of the VW family in a partnership that could resurrect the Auto Union name.
First, Porsche wanted to buy VW. Then they got into trouble raising $12.5 billion to cover refinancing. Then Porsche had to settle for a pending merger with VW. Now, VW has loaned Porsche $980 million.