COMPANIES The power struggle over Porsche re-erupted on Sunday when the chairman of the German sports car maker accused Volkswagen of attempting to blackmail it into accepting a reworked merger plan.
Wolfgang Porsche, chairman and largest shareholder of the debt-ridden company, strongly rejected a Monday deadline he claimed Volkswagen had imposed for Porsche to accept VW’s plan to buy half of Porsche’s sports car business as a first step towards a full integration of the two companies.
