- Apr 28, 2009
Qatar pondering taking stake in Porsche?
The deal likely wouldn't be a bad one for Porsche either. The Stuttgart maker has some cash intensive plans on the horizon, including a €3.3 billion credit payment ($4.3B) and upping its stake in VW another 25. Porsche refinanced €10 billion ($13.2B) of its debt just last month, and now wants to raise €2.5 billion ($3.3B) to keep things moving. Having gone from a couple of models to five different lines in 28 variations, it is likely that Porsche will be looking for all of the investment monies it can get.
[Source: Auto News, sub req'd]