First look inside new Astra roadster, Porsche Panamera driven, new electric Twingo scooped, Mercedes E-Class takes on its rivals
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Porsche Automobil Holding SE could be running out of options to repair its finances, with Berlin set to reject its request for a state loan and a purported stake sale to Daimler AG unlikely, analysts said on Monday.
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Porsche will re-submit an application for a EUR1.75bn (US$2.43bn) loan to the state-owned KfW development bank, the company said.
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Porsche Automobil Holding SE could be running out of options to repair its finances, with Berlin set to reject its request for a state loan and a purported stake sale to Daimler AG unlikely, analysts said on Monday.
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To counter the sales slump, Porsche is planning to build at least one new, affordable entry-level car. The sports car maker, which is Volkswagen's dominant shareholder, wants to incorporate the Audi TTS's 2.0 V-6 TFSI engine in its Boxster.
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German Foreign Minister and Vice Chancellor Frank-Walter Steinmeier said in a newspaper interview to be published on Saturday that the government would not step in to assist carmaker Porsche Automobil Holding SE with taxpayer money.
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Daimler AG is in advanced talks to buy a stake in sports car maker Porsche Automobil Holding SE, German publication manager magazin reported on Friday on its Web site, citing financial sources.
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The Qatar Investment Authority could acquire more shares in ailing German sports car maker Porsche Automobil Holding SE than previously thought, German magazine Focus said.
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Volkswagen AG will have a "positive result" in the second quarter and would consider giving sports car maker Porsche a loan if asked, CFO Hans Dieter Poetsch said on Saturday.
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The Qatar Investment Authority could acquire more shares in ailing German sports car maker Porsche Automobil Holding SE than previously thought, German magazine Focus said.
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Germany's Volkswagen AG will have a "positive result" in the second quarter and would consider giving sports car maker Porsche a loan if asked, VW Chief Financial Officer Hans Dieter Poetsch said on Saturday.
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Daimler AG is in advanced talks to buy a stake in sports car maker Porsche Automobil Holding SE, German publication manager magazin reported on Friday on its Web site, citing financial sources.
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German Foreign Minister and Vice Chancellor Frank-Walter Steinmeier said in a newspaper interview to be published on Saturday that the government would not step in to assist carmaker Porsche Automobil Holding SE with taxpayer money.
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Daimler AG is in advanced talks to buy a stake in sports car maker Porsche Automobil Holding SE, German publication manager magazin reported on Friday on its Web site, citing financial sources.
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Porsche Automobil Holding SE has said pretax profit at its core sports car business declined as vehicle sales and revenue fell in the first nine months of its fiscal year.
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German Foreign Minister and Vice Chancellor Frank-Walter Steinmeier said in a newspaper interview to be published on Saturday that the government would not step in to assist carmaker Porsche Automobil Holding SE with taxpayer money.
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Big gains on derivative bets linked to Volkswagen shares offset a decline in nine-month earnings at Porsche Automobil Holding SE's core sports car business, the heavily indebted holding company said on Friday.
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Big gains on derivative bets linked to Volkswagen shares offset a decline in nine-month earnings at Porsche Automobil Holding SE's core sports car business, the heavily indebted holding company said on Friday.
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Porsche Automobil Holding SE reported pretax profit at its core sports car business declined because of a sharp drop in vehicle sales and revenue in the first nine months of its fiscal year.
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Porsche Automobil Holding SE chided two prominent board members for commenting about the debt-laden German automotive group's financial condition while it seeks a 1.75 billion euro ($2.44 billion) state loan.
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