Porsche Automobil Holding SE on Monday reiterated its goal of creating an integrated automotive company with Volkswagen, according to The Wall Street Journal.

Porsche said it remains convinced an integrated auto company remains the best solution for all sides.

Porsche said it has a healthy financial basis. In early May, Porsche agreed to enter talks with Volkswagen over combining the two companies after Porsche scrapped its effort to build up a 75 percent ownership stake in VW.