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.
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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).
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