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Yahoo! My Yahoo! Mail Yahoo! Search Search: Sign InNew User? Sign Up News Home - Help Navigation Primary Navigation Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular Secondary Navigation Search Search: Volkswagen, Porsche talks suspended amid spat AFP - Monday, May 18 BERLIN (AFP) - - Merger talks between Europe's biggest carmaker Volkswagen and luxury sportscar manufacturer Porsche were suspended Sunday, amid a rift between the two German auto giants. ADVERTISEMENT There is currently "no clear constructive attitude" on the part of Porsche, a Volkswagen spokesman told AFP. "Therefore there is no point in having further talks at the moment," he added. Dialogue between the two parties had been "suspended," he said. For their part, Porsche played down the rift. "The negotiations, which began last week, are continuing in a completely normal fashion," the firm said. A meeting planned for Monday has however been cancelled, Porsche confirmed. The two sides have been at loggerheads following comments on Thursday by Ferdinand Piech, head of VW's supervisory board. He said Porsche had to cut its debt mountain -- valued at roughly nine billion euros (12 billion dollars) -- before any merger. The two auto giants agreed on May 6 to begin merger talks, giving themselves four weeks to agree a tie-up. Email Story IM Story Printable View Blog This Sign in to recommend this article » 1 user recommend Most Popular – Top Stories Viewed Popular cereal is a drug, US food watchdog says Tough 4th spacewalk underway to repair Hubble Coral Triangle could die by century's end: WWF British store admits it boobed in bra row Australian zoo evacuated after orangutan escape View Complete List » Search: Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular Copyright © 2009 Yahoo! Southeast Asia Pte Ltd. (Co. Reg. No. 199700735D). All Rights Reserved. Privacy Policy - Terms of Service - Community - Intellectual Property Rights Policy - Help

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