The Gulf state of Qatar is in talks to buy a stake in Porsche.
Reports suggest Qatar wants to take a 25 per cent stake in the cash-strapped company. Porsche has confirmed the talks, but has refused to specify the stake being discussed.
The Financial Times newspaper is reporting that Porsche boss Wendelin Wiedeking has met with the state's Qatar Investment Authority (QIA), and says a deal could be announced within weeks.
Porsche currently has nine billion Euros (£7.8 billion) of debt, following its botched attempts to takeover VW.
In addition to investment from Qatar, it is seeking a union with VW and a German government loan of 1.75 billion Euros (£1.5 billion).