Porsche rekindles dispute with VW

The power struggle over Porsche was reignited on Sunday when the chairman of the German sportscar maker accused Volkswagen of attempting to blackmail it into accepting a reworked merger plan. Wolfgang Porsche, Porsche’s chairman and largest shareholder, strongly rejected a Monday deadline that he claimed VW had imposed for Porsche to accept its plan to buy half of Porsche’s sportscar business as a first step towards a full integration of the two companies. VW denied it had issued an ultimatum.