Funky Cars > Porsche Talks to Qatar Fund About Cash Lifeline - DealBook Blog ...

[DealBook] Volkswagen’s market value, at 80 billion euros, is nearly 10 times Porsche’s 8.2 billion euros, despite Porsche’s huge VW stake. Analysts say the market values Porsche that way because the company could not sell its VW stock without driving the price sharply lower.

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[Australian Car Advice | News Blog] VW supports Qatar loan to Porsche » Australian Car Advice | News Blog: VW ordinary shares rallied on Monday on speculation that Qatar will strike a deal with Porsche by mid-June that will help the sports car maker to pay down its 9 billion euro (US$12.8 billion) debt.

[ALL FOREX NEWS OF THE WORLD] Qatar May Buy VW Or Porsche Stake | ALL FOREX NEWS OF THE WORLD: Had Porsche succeeded in controlling VW, it could have used the larger company’s financial muscle to refinance its debt, but having failed to do so, it has been forced to apply to the German government for an emergency 1.75bn euro emergency loan. VW and Porsche own stakes in each other through a complicated family history that unites the two carmakers and the German state of Lower Saxony, which holds a 20% stake in VW and can block strategic decisions under the “VW law”.

[Australian Car Advice | News Blog] Porsche-Piech familes could give up control of carmaker ...: The Arabs are not new to buying stakes in German manufacturers, earlier this year Abu Dhabi's IPIC sovereign wealth fund bought a 9.1 percent stake in Daimler (Mercedes-Benz) for almost 2 billion euros. Volkswagen CEO Martin Winterkorn has today praised VW's cooperation with Porsche, which holds 51 per cent of VW, saying he.

[Automotive News - Europe News Feeds] Porsche nears debt-reducing deal with Qatar, magazine reports ...: FRANKFURT (Reuters) -- The Gulf state of Qatar will strike a deal with Porsche by mid-June that will help the sports car maker to pay down its 9 billion euro ($12.8 billion) debt pile, German weekly Focus reported. Porsche CEO Wendelin Wiedeking has already .

[CNBC Europe Top News and Analysis] Porsche Says is in Exclusive Talks with Qatar - Companies * Europe ...: A person close to Porsche said that the company was in talks with investment fund Qatar Investment Authority (QIA) to sell a stake in its holding company via a capital increase of common shares or by divesting its options for Volkswagen shares.

[Automotive News - Automaker News Feeds] Porsche in talks to sell 25% stake to Qatar, paper reports ...: QIA was unavailable for comment and Porsche declined to comment, the newspaper .Porsche originally sought to build its voting stake up to 75 percent in order to take over full control of VW via a so-called domination agreement, but the sports car maker had to give up on its plans early last month.

[Latest TopStories] Telstra BigPond News and Weather: Wendelin Wiedeking, Porsche's chief executive, is talking to the Qatar Investment Authority (QIA) about taking a stake of up to 25 per cent in its holding company, people familiar with the talks told the newspaper.

[autoevolution] The Porsche Wars: Porsche Negotiating a Stake with Qatar ...: The ongoing Porsche-Volkswagen saga continues today with a confirmation of Middle East involvement. We reported in May that Lower Saxony had opened the doors to all those who wanted a piece of the action and now news agency Reuters writes that Porsche Automobil Holding SE is in talks to sell a stake of up to 25 percent in its holding company to the Gulf state of Qatar.

[ModernRacer Car News Commentary] Porsche to sell out to Qatar government | ModernRacer Car News ...: Like cheap two-dollar sluts, one after the other the premium European car manufacturers are selling out large chunks of their shares to temperamental-but-rich Arab countries. After the Kuwaitis have bought out Aston Martin and Abu Dhabi Emiratis have become large shareholders in Mercedes-Benz and Ferrari, Porsche is reportedly close to a deal that would see the Qatari government become a major shareholder to help Porsche pull itself out of debt that it so stupidly put itself in after trying to take over of the Volkswagen Group.

[Australian Car Advice | News Blog] Porsche seeks US$4.37 billion loan » Australian Car Advice | News Blog: Earlier this year Porsche tried to raise 12.5 billion euro (US$21.86 billion) in loans, however it only managed to get 10 billion euro and a further 700 million euro last week (borrowed from merger partner Volkswagen).

[DealBook] Porsche Dialing 9-1-1? - DealBook Blog - NYTimes.com: Meanwhile, Porsche is sitting on options to buy about 20 percent more of VW, but it doesn’t have the money to exercise them, even though doing so would generate billions of euros of paper profits, according to analysts. Conversely, selling the options could start a freefall in VW’s stock price, and the proceeds wouldn’t cut Porsche’s debt much.

[Wealth of Nations] Wealth of Nations : Porsche Goes For a Joyride: Traders sold VW short -- meaning they borrowed shares for a nominal fee, immediately sold them, then hoped to buy them back at a cheaper price after the reckoning.

[Auto Blog, Lease Reviews, Auto News, Vehicle Road Test, Personal Finance] Volkswagen unit loans Porsche $980 million dollars: STUTTGART, Germany (Reuters) -- Porsche confirmed on Monday it got a 700 million euro ($980 million) loan from its Volkswagen unit but insisted it could cope with its debt woes. "Porsche is not on the verge of insolvency even if that is alleged over and over," a company .

[DealBook] Porsche Seeks Big Credit Line From Berlin - DealBook Blog ...: For months, it has been in talks with numerous lenders, and the company continues to approach banks, a Porsche spokesman said, according to The Handelsblatt newspaper. He added that any loan from KfW would be made under normal market conditions.

[DealZone] DealZone » Blog Archive » VW-Porsche deal stalls | Blogs |: Despite a healthy sports car business that the holding company says still earns enough to make interest payments on 9 billion euros ($12.19 billion) in net debt, the listed parent of Porsche is reported to be sounding out German state bank KfW about a 1 billion euro loan. Porsche declined direct comment on the report, saying only: “We do not name the banks with whom we negotiate.”

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