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.
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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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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 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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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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