POAHY Porsche Automobile Holding SE (PK)

Volkswagen AG (VOW.XE) might drop its planned merger with Porsche Automobil Holding SE (PAH3.XE) and instead buy over its carmaking business, Bloomberg News reported Tuesday on its website, citing two unnamed sources.

Volkswagen would be considering alternatives to its 2009 merger agreement amid legal tangles and taxes at a supervisory board meeting on Nov. 18, the report said.

It wasn't clear if Bloomberg sought comment from Volkswagen or Porsche.

Full Story: http://www.bloomberg.com/news/2011-11-15/volkswagen-seen-buying-porsche-automaker-to-salvage-merger-cars.html