KFW Bank rejects Porsche’s loan request

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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sector - 7/2/2009 11:28:55 AM

+1 Boost

so long Porsche!

monkeyrun - 7/2/2009 3:05:26 PM

+1 Boost

lol looks like they will end up being part of the VW Group, not the other way around.

BozzorTheGreat - 7/3/2009 5:13:01 AM

+1 Boost

No matter how big or how famous, in these times you are only as good as your balance sheet and your outlook. Sad indeed...