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.

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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. [...]

Looks like wealthy Arab royalties have found a new way to blow up their not so hard earned oily dollars! and that’s buying car companies! We’ve heard about Abu Dhabi’s investment in Daimler and their negotiation with Opel (which has apparently failed). Now comes the Emir of Qatar with his interest in having some stakes [...]

Audi has launched the new A6 range to middle east market in Qatar including the new RS6 super saloon. 2009 RS6 is slightly revised in terms of design and is powered by a Lamborghini derived twin-turbocharged direct injection version of the S6’s 5.2 liter V10 with 580 horsepower and 479 pound-feet of torque. With this [...]

It’s no secret that there is a huge colony of supercars in the gulf region in middle east, so a good use of them might be rallies like Bullrun (here they call it Arabrun) or some concourse-like road shows like this one organised by Privatdrive, the supercar club.

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