It's a Porsche, it's a Volkswagen, It's a... If they ever make a movie out of Today's Nice Price or Crack Pipe 914, Faye Dunaway could play the lead, and hopefully Jack Nicholson would driver her.
assimilation merger with Volkswagen has hit a snag, temporarily halting negotiations. We're told the "snag" is who's going to lead the new company — VW CEO Martin Winterkorn or Porsche CEO Wendelin Wiedeking.
With Porsche's revelation today that it owns 35.14% of Volkswagen shares comes the news that VW is now a subsidiary of Porsche, thus ending the long slog toward Porsche ownership. Stuttgart has announced its intention to continue purchasing VW shares until it owns a 50% stake. Porsche also made an obligatory offer for…