Porsche Pinning Hope Of Independence On Qatar Investment

Porsche's squabbling owners are set to discuss an investment by Qatar in the next two weeks, a milestone that could change the dynamics of a Porsche-Volkswagen merger, people close to the talks said.

A decision on Qatar's entry may come even before key family members are set to gather at a Volkswagen supervisory board meeting on July 15 the people said. A day later, VW's luxury unit Audi holds its centenary celebrations.

Spokesmen for Porsche and VW declined to comment.

A successful investment from Qatar could strengthen Porsche CEO Wendelin Wiedeking's negotiating hand as he tries to strike a deal with VW.

Without it Porsche will struggle to prop up its finances and may have little choice but to succumb to a reverse takeover from VW, Europe's biggest carmaker.

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mini22 - 7/6/2009 11:11:24 PM

+1 Boost

It sounds like Porsche has been checkmated. It is so unfortunate that their timing was so off in buying into VW. How does one plan for a sour economy to happen. It looks like VW will end up taking over Porsche.I think it is a real shame.