Porsche Automobil Holding SE has scheduled an extraordinary general meeting for the middle of December, wherein stakeholders can vote on a merger with Volkswagen AG.
VW intends to become the biggest vehicle manufacturer in the world. To accomplish, VW has to outperform Toyota Motor Corp., with 10 million car sales each year by 2018 through a combination of streamlined production costs, aggressive acquisitions and emerging market growth. The core element of VW's strategy is obtaining full control on the lucrative Porsche AG sportscar unit and its industry-leading margins. VW believes that the key is its holding parent Porsche SE.