Volkswagen AG holds annual news conference

08:29, March 11, 2011      

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Volkswagen AG's CEO Martin Winterkorn poses beside a XL1 hybrid concept car before the annual news conference in Wolfsburg March 10, 2011. Volkswagen pledged it would not turn its back on indebted ally Porsche SE, even as it warned that there were sizeable obstacles to a merger deal. (Xinhua/Reuters Photo)

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