Wendelin Wiedeking, the man who ran Porsche for many many years and was responsible for the company’s pathetic try to takeover VW, is now stepping down along with finance chief Holger Haerter. Porsche said in an statement that these two have made “a significant contribution to the appeasement of the situation and to support the [...]

As the world is waiting to see what will be the outcome of Qatar-Porsche talks regarding acquisition of 25 percent (some say 29.9) of the German sportscar maker’s shares, rumor has it that three more bidders have shown interest to negotiate a deal with the company. New bidders include Chinese and Russian sovereign wealth funds. [...]

Porsche and State of Qatar are still negotiating  the deal in which Qatari investors will pay Porsche’s debt and instead acquire a big lump of stakes in the company! Till now, it was 25 percent, but the latest words coming out suggest that it would go up to 29.9 percent. Read More… The investment fund [...]

The gulf state of Qatar has been studying buying some big stakes in the German sportscar maker, Porsche since April. The negotiations went back and forth and now it seems that they are arriving at a conclusion. Still, Porsche which is desperately in need of money to pay debts, offering two options to the Arabs. [...]