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

  • Nissan Leaf Tekna
    The is the new Nissan Leaf
    First Drive
    21 March 2018
    The new version of the world's best-selling electric car gains a bigger battery and more power. How does it compare to rivals such as the Volkswagen e-Golf?
  • Range Rover p400e
    First Drive
    20 March 2018
    The original luxury SUV is now available as a plug-in hybrid, promising lower emissions and the capacity for silent electric motoring
  • BMW i3s
    Car review
    20 March 2018
    Revised hatchback sets out its range-extended electric stall in a new, sportier tune
  • BMW X2
    This is the new BMW X2
    First Drive
    20 March 2018
    Doesn’t deliver many typical crossover selling points but looks perky, handles keenly and is well capable of winning over your latent cynic
  • First Drive
    20 March 2018
    The newest version of Rolls-Royce's flagship model sets new standards for opulence and luxury whether you're driving it or being driven in it