BBC Business News reports that German car giant Volkswagen is suspending merger talks with luxury carmaker Porsche.
VW said that constructive negotiations were not possible at the moment and urged Porsche to reduce its debt.
But Porsche said while a meeting scheduled for Monday had been cancelled, negotiations over the merger would continue.
The two carmakers agreed to merge earlier this month and said all 10 brands would remain independent.
Nine of the brands are owned by VW, and the other is the Porsche sports car brand. Full story…