Porsche Sticking to Stock Sale Timetable Amid Market Unrest

Porsche SE, the sports-car maker that plans to merge with Volkswagen AG, said a timetable to sell 5 billion euros ($7 billion) in shares still stands amid the volatile financial markets following the Japanese earthquake.

“One would probably select an environment that’s different to the current one” to carry out a sale, Chief Financial Officer Hans Dieter Poetsch said today at a press conference in Stuttgart, Germany. That said, there’s “no reason to depart from the original plan.”