VW delays merger with Porsche

Volkswagen said yesterday it would delay a merger with Porsche until after 2011 because of unresolved legal issues and examine other ways of creating an integrated auto group. Porsche and Volkswagen in 2009 agreed to seal a merger deal by the end of 2011 but in February signalled the merger faced delays because of investor lawsuits and a criminal investigation of its former chief executive and its finance head.