Qatar Closing On 25% Porsche Stake

Porsche + Qatar = Love

2009 Porsche Boxter
2009 Porsche Boxter

Add a Comment

Comments (21)

 Renegade Renegade
Well, at least I know that I won't buy a Porsche this century, wonder if gold and chrome paint will be a optional form now at Porsche.
June 18, 2009 6:00 pm
 indespair indespair
Doubt thats the only reason you wont be in a porsche this century!!
June 18, 2009 11:18 pm
 car-o-bar car-o-bar
Another bailout, only this time by a foreign government. Oil Money. Your money coming back as investment to bail you out. Ironical.
June 18, 2009 6:14 pm
 Razz Razz
VW is crazy ? Why they don't help Porsche ?? It's a crazy world, Porsche wanted to help VW buying its shares to not be bought by some chinese or something and now, the step brother that is VW turn's its back to Porsche. Shame of you VW !!
June 18, 2009 6:21 pm
 scratchy996 scratchy996
Porsche tried a hostile takeover.
June 18, 2009 6:43 pm
 joshg_5 joshg_5
Yeah, Porsche didn't exactly try to "help" VW... lol Was a pretty aggressive move really
June 18, 2009 9:16 pm
 MutantSushi MutantSushi
What is crazy? Porsche is overloaded with debt and Qatar will step in as a non-controlling investor to turn the books into black again? And by all signs the VW-Porsche merger will proceed, VW just wasn't interested in seriously denting it's cash flow:debt picture... With extra investment by Qatar, it's all good and the merger will proceed smoothly. So what? Money's money.
June 19, 2009 5:29 am
 shaahinmt shaahinmt
im very supportive about this news of Qatar buy shares in Porsche, c'z then at the Porsche dealership they would give u free Arabian coffee, carpets would be nice, and the little horse in the middle of the badge will be replace by a camel, and the three knifes will be replaced with an Arabic double edged sword. Im seriously looking forward to it actually.
June 18, 2009 9:44 pm
You are trying to be funny???
June 18, 2009 10:11 pm
 NauAudiS4 NauAudiS4
You must have forgotten that Qatar is one of the most forward looking arabic countries. They have established many new world-renowned technical institutes within their country, and plan on being a technological tour-de-force. They are currently building several new cities, one which will be a 'green-city,' although it is still to be seen how 'green' it will be after all is said and done. Also lets not forget that most of their money has been made on natural gas and not oil. Qatar is considered "the Saudi Arabia of natural gas," therefore I do not find it ironic that "their oil money" is investing in Porsche. I personally think that this investment will help Porsche in the long run, giving them access to billions of dollars for R&D and racing which allows Porsche to make more money and better cars.
June 19, 2009 1:39 am
 benzboy benzboy
why doesnt Porsche ask Jerry Seinfeld for a loan LOL!!
June 19, 2009 3:13 am
 scratchy996 scratchy996
true :)
June 19, 2009 8:20 am
 Dr.Mabuse Dr.Mabuse
This is what happens when you run a company like a hedge fund. It is perfectly understandable why VW didn't want part of it as Porsche refused to open it's books to closer scrutiny. Wiedeking and his CFO should be ashamed. Porsche was profitable "enough" 10 years ago, prior to the Cayenne, prior to the Panamera and prior to discontinuing top-level motorsport. Yet all we heard was that these "vehicles" were necessary for Porsche to remain independent. So much for that! They make some great cars for sure, but this is *despite* meglomaniacs running the show. Wiedeking should retire to his farm where he can induldge his real passion - driving around in tractors, not meddling with one of the great sports car companies in the world.
June 19, 2009 6:18 am
 mnovakowski mnovakowski
Congrats to Porsche management for turning the most profitable car company in the world into a finacial disaster. Qatar is an interesting country as it supports both the US and allegedly Al Qaeda. No matter who made this investment though it would tarnish the Porsche image very badly (unless it was a German company).
June 19, 2009 9:17 am
 alessandro alessandro
So 25% of Porsche's production wiil be camels
June 19, 2009 9:29 am
 Renegade Renegade
Haha, good one, gold plated camels.
June 19, 2009 10:26 am
 norther norther
hope porsche will never take over vw. never, evvvveerrrr!!!!!
June 19, 2009 6:39 pm
 scratchy996 scratchy996
they will merge.
June 20, 2009 8:15 am
 Sultan91 Sultan91
i think being racist towards qatar is NOT the issue of this topic, so please for those intending to trash talk about camels, oil money etc keep it to yourselves, as this kind of manner means that you cant afford a porsche and your not intrested (UAE)
June 20, 2009 10:49 am
 Bojassem Bojassem
well said.
August 3, 2009 5:11 am
 ai88 ai88
haha porsche got all greedy with their success and wanted to take over vag to eliminate possible competition - now all they have is debt and ugly cars.
June 21, 2009 1:47 am