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The Gulf state of Qatar has made a bid for Porsche, according to media reports.

German newspaper Der Spiegel is reporting that Qatar has offered about seven billion euros (£6 billion) for a stake in Porsche, plus its Volkswagen AG stock options.

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The report says the Qatar Investment Authority will buy just over 25 per cent of the Porsche Automobil Holding parent company, as well as ...Read the full article

Well done to the current family members of the Porsches and the Piechs.

How to lose yet another icon of national motoring pride to another country - talk about cutting nose to spite face!

I'm not so sure. I think Volkswagen has got far too big for their boots lately and making demands just doesn't seem to work these days. Porsche probably see Quatar as a good investor as research would probably show that the Middle-East is a good money earner for the company. Actually having them in bed with you could further strengthen their client base.