Porsche unveils record earnings

The German sports carmaker Porsche is holding its annual meeting with investors. The market will be hoping for the latest news on the long-awaited merger with Europe's biggest automaker Volkswagen.

Profits at Porsche have just tripled thanks to strong worldwide demand for its sports utility vehicles.

But there are some bumps in the road ahead, a group of US hedge funds is suing Porsche for a billion dollars.

Nigel Cassidy reports.

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