Porsche's (PSHG_p.DE) planned merger with Volkswagen (VOWG_p.DE) is on "the right track," a senior family member said on Wednesday, sending shares in both automakers higher. Porsche supervisory board and family member Wolfgang Porsche also said the automaker expected to hear next week whether hedge funds will appeal the dismissal of their U.S. lawsuit against Porsche. "We are improving. We're on the right track," he said of the merger, speaking to reporters on the sidelines of an event in the Qatari capital.
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