The two companies had planned to meet on Monday to develop plans for a tie-up after the financial crisis scotched heavily indebted Porsche's plan to raise its stake in VW to 75 percent.
"We recognized at the end of the week that Porsche is lacking several fundamental conditions for the discussions," said a spokesman for VW on Sunday.2010 Lexus IS-C And HS250H Photo Gallery2009 Lexus LX570 Photo Gallery2009 BimmerFest Photo Gallery2010 Mercedes-Benz E-Class Photo GalleryIf you want to see your photos running on our homepage photo ticker, be sure to upload your photos on the go by sending them to Mobile@AutoSpies.comThere are photos and then there are AutoSpies.com photos!AutoSpies.com is ranked number one on Google search for auto shows
