Porsche set to give Qatar VW stake
Source: Australian Car Advice | News Blog ยป Porsche
Porsche is moving towards a deal with Qatar that, if successful, will give the Gulf state a shareholding in Volkswagen and will clear the way for the two manufacturers to merge. Porsche has been left with substantial debt (9 billion euros) since trying to absorb bigger rival Volkswagen shortly before the global economic crisis took hold, Original article from: Australian Car Advice – Australia’s largest independent Auto site.