Porsche Automobil Holding SE is in talks to sell a stake to the Gulf state of Qatar in a deal that could pave the way for the Porsche and Piech families to give up full control over their business.
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Porsche Automobil Holding SE is in talks to sell a stake to the Gulf state of Qatar in a deal that could pave the way for the Porsche and Piech families to give up full control over their business.
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Porsche Automobil Holding SE is in talks to sell a stake of up to 25 percent in its holding company to the Gulf state of Qatar, the Financial Times reported on Tuesday, citing people familiar with the talks.
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Porsche Automobil Holding SE is in talks to sell a stake to the Gulf state of Qatar in a deal that could pave the way for the Porsche and Piech families to give up full control over their business.
Full story...
Wintertime can be pretty rough on cars. With some models, you could be chastised for even leaving your garage in un-tropical-like conditions. From the puzzled yet admiring look on people's face during my test week with the 2009 Porsche 911 Carrera 4S, I can tell you that many of them were thinking: ''Is he insane?''
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The Emir of Qatar has given his verbal commitment to buy into Porsche via his state fund, German magazine Focus reported at the weekend.
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The German government will rule by June 23 on whether to provide funds to Porsche, senior Economy Ministry official Walther Otremba said on Monday.
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The Gulf state of Qatar will strike a deal with Porsche by mid-June that will help the sports car maker to pay down its 9 billion euro ($12.8 billion) debt pile, German weekly Focus reported.
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Volkswagen would support the Gulf emirate of Qatar taking a substantial voting stake in either its debt-laden parent Porsche or in VW itself, Europe's largest carmaker said on Monday.
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Volkswagen would support the Gulf emirate of Qatar taking a substantial voting stake in either its debt-laden parent Porsche or in VW itself, Europe's largest carmaker said on Monday.
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The Gulf state of Qatar will strike a deal with Porsche by mid-June that will help the sports car maker to pay down its 9 billion euro ($12.8 billion) debt pile, German weekly Focus reported.
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The German government is set to discuss on Monday whether to give Porsche a 1.75 billion euro ($2.5 billion) loan, said a person close to the talks, a move that could lift a question mark over the carmaker's finances.
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The German government is set to discuss on Monday whether to give Porsche a 1.75 billion euro ($2.5 billion) loan, said a person close to the talks, a move that could lift a question mark over the carmaker's finances.
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The German government is set to discuss on Monday whether to give Porsche a 1.75 billion euro ($2.5 billion) loan, said a person close to the talks, a move that could lift a question mark over the carmaker's finances.
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Porsche has said it will ask for an EUR1.75bn loan from the German government's economic stimulus programme.
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ST PETERSBURG (Reuters) -- The Gulf state of Qatar is still considering taking a stake in Germany's Porsche, its finance minister said on Thursday.
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ST PETERSBURG (Reuters) -- The Gulf state of Qatar is still considering taking a stake in Germany's Porsche, its finance minister said on Thursday.
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Porsche said it had asked the German government for a loan, raising fresh questions on Wednesday over its ability to manage a debt mountain that has already forced it to abandon a takeover of Volkswagen.
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Porsche will apply for a 1.75 billion euro ($2.5 billion) loan from German state bank KfW, a spokesman for the company said on Wednesday. The company does not aim to obtain state loan guarantees and plans to pay back the loan with interest, he said.
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Porsches board of management said Monday that it still favors a merger with Volkswagen and doesnt want to limit the potential deal to a specific time frame.
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