Car maker could be looking for investment
20 May 2009

Porsche is looking for Middle East investors to take a stake of up to 25 per cent of the company, according to reports.

It is suggested the move, which is believed to include talks with parties in Abu Dhabi and Qatar, could either be to keep the car maker independent or improve its position in further negotiations with VW.

VW and Porsche are still struggling to come to an agreement about a tie-in and talks are expected to resume later this week.

Porsche is struggling to service large debts it built up as it borrowed money to buy VW stock, in its own failed attempt to take control of the company.

Last weekend VW called off talks, saying Porsche was not ready for a merger.

Wolfgang Porsche, chairman of Porsche, and Ferdinand Piëch, chairman of Volkswagen, yesterday said in a joint statement that both still hoped to create an “integrated car manufacturer”.

Add your comment

Log in or register to post comments

Find an Autocar car review

Driven this week

  • Lexus LC500
    Car review
    20 October 2017
    Futuristic Lexus LC coupé mixes the latest technology with an old-school atmospheric V8
  • Maserati Levante S GranSport
    First Drive
    20 October 2017
    Get ready to trade in your diesels: Maserati’s luxury SUV finally gets the engine it’s always needed
  • Jaguar XF Sportbrake TDV6
    First Drive
    19 October 2017
    The handsome Jaguar XF Sportbrake exhibits all the hallmarks that makes the saloon great, and with the silky smooth diesel V6 makes it a compelling choice
  • Volkswagen T-Roc TDI
    First Drive
    19 October 2017
    Volkswagen's new compact crossover has the looks, the engineering and the build quality to be a resounding success, but not with this diesel engine
  • BMW M550i
    First Drive
    19 October 2017
    The all-paw M550i is a fast, effortless mile-muncher, but there's a reason why it won't be sold in the UK