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Page last updated at 10:33 GMT, Monday, 20 July 2009 11:33 UK

VW on brink of Porsche takeover

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Porsche may be on the verge of ousting its chief executive and joining Volkswagen as part of a "reverse takeover".

Vendelin Veeder-King had been praised for silently building a majority stake in VW, but the recession has ruined his plans for a takeover and left the sports car maker with unsustainable debts of $14b.

Tristana Moore reports.

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