Currently reading: Porsche decision 'in two weeks'
Qatar's 25 per cent stake in Porsche likely to be announced soon

Qatar’s prime minister has said an announcement will be made within two weeks about the outcome of talks regarding the country buying a stake in Porsche.

It is reported that the Porsche and Piech families who control Porsche are in favour of Qatar taking a 25 per cent stake in the debt-ridden German manufacturer.

Speaking at a conference for Qatari businessmen, prime minister Sheikh Hamad bin Jassim al-Thani said a deal was likely to be revealed within a fortnight, but further details were not available until then due to confidentiality agreements.

Should the Qatar stake purchase go ahead, the Porsche and Piech families would have to give up their controlling interest, but the reduction in debt would clear the way for Porsche’s merger with VW.

Mark Tisshaw

Mark Tisshaw

Title: Editor

Mark is a journalist with more than a decade of top-level experience in the automotive industry. He first joined Autocar in 2009, having previously worked in local newspapers. He has held several roles at Autocar, including news editor, deputy editor, digital editor and his current position of editor, one he has held since 2017.

From this position he oversees all of Autocar’s content across the print magazine, website, social media, video, and podcast channels, as well as our recent launch, Autocar Business. Mark regularly interviews the very top global executives in the automotive industry, telling their stories and holding them to account, meeting them at shows and events around the world.

Mark is a Car of the Year juror, a prestigious annual award that Autocar is one of the main sponsors of. He has made media appearances on the likes of the BBC, and contributed to titles including What Car?Move Electric and Pistonheads, and has written a column for The Sun.

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