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Porsche nearing sale of 25% stake to Qatar?
After a few years of financial windfalls, Porsche is suddenly in need of plenty of capital. The German automaker already received a 700 million euro ($978 million U.S.) bridge loan from Volkswagen in March to stay out of bankruptcy, and it is reportedly in talks with banks to secure 1.75 billion euros ($2.42 billion U.S.) in financing. Bloomberg is reporting that Porsche could also be looking for as much as 2.5 billion euros ($3.45 billion U.S.) from the Arab emirate of Qatar to remain independent of the much larger VW. Bloomberg quotes two ... Read more →
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Porsche nearing sale of 25% stake to Qatar? 6 months ago on Autoblog
After a few years of financial windfalls, Porsche is suddenly in need of plenty of capital. The German automaker already received a 700 million euro ($978 million U.S.) bridge loan from Volkswagen in March to stay out of bankruptcy, and it is reportedly in talks with banks to secure 1.75 billion ...
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