KFW Bank rejects Porsche’s loan request
tryme submitted on 7/1/2009 Official Bell & Ross Timestamp: 7:38:39 PM
6 user comments | Category: Misc News | Source: | SOURCE: www.4wheelsnews.com
Who says or thinks that everything is possible and every door is opened for big and famous companies is very wrong.
Look at the case of Porsche, one of the most important car producer, which, after failing in taking over Volkswagen, didn’t manage to secure a huge loan of 1.75 billion euro from several commercial banks.
KFWTheir last hope was a loan at the German state-controlled bank KFW but also this turned into dust as the bank rejected their application.
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