Carmaker Volkswagen finalizes Porsche takeover

Published July 5, 2012 2:38am ET



BERLIN (AP) — German carmaker Volkswagen says it is on track to finalize the full takeover of sports car manufacturer Porsche by the end of the month.

Volkswagen AG said in a statement late Wednesday Porsche AG will become another fully integrated brand of the Volkswagen group as of August 1.

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