BBC NEWS | Business | Porsche proposes VW 'integration'
Carmaker Porsche has proposed closer ties with fellow German manufacturer Volkswagen Group after weeks of talks between the two firms' management.
The luxury carmaker said in a statement that it wanted to see the "creation of an integrated car manufacturing group".
Talks will now take place between the two carmakers, VW's home state of Lower Saxony, and employee representatives.
Porsche said it hoped there would be progress in talks with VW - Europe's biggest carmaker - within four weeks.
Brand independence
The move would unite 10 brands under one roof, Porsche said.
Nine of the brands are owned by VW, and the other is the Porsche sports car brand.
"In the final structure 10 brands shall stand below an integrative leading company
alongside each other, whereby the independence of all brands and
explicitly also of Porsche shall be ensured," a Porsche statement said.
It also said that its plan would also include unspecified "capital measures".
'VW law'
In January, Porsche announced it had increased its stake in Volkswagen to more
than 50%, and said it planned to lift its stake in VW to 75%.
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