Porsche, Volkswagen Merger May Receive Finanical Boost From Qatar
Submitted by Joe Legge on June 10, 2009 - 11:55am. News | Volkswagen News | Hamilton County NewsComments Below: 0
An automaker with ties to Chattanooga could be closer to a merger.
Porsche owns a 51% stake in Volkswagen and wants to form an integrated company with VW.
But it needs an investor to help pay down debt, and that could be the nation of Qatar.
Porsche reportedly is in talks to sell a stake of the company to the Gulf state. A deal with Qatar could be announced within weeks.
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