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Porsche-Volkswagen showdown looms

CNN Money -- FRANKFURT (Reuters) -- Porsche's squabbling owners are set to discuss an investment by Qatar in the next two weeks, a milestone which could change the dynamics of a Porsche/Volkswagen merger, people close to the talks said.

A decision on Qatar's entry may come even before key family members are set to gather at a Volkswagen supervisory board meeting on July 15, and a day later for the centenary celebrations at VW unit Audi, the people said.

Spokesmen for Porsche and VW declined to comment.

A successful investment from Qatar could strengthen Porsche Chief Executive Wendelin Wiedeking's negotiating hand as he tries to strike a deal with VW

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Submitted Jul 05, 2009 By: captngasTN

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2granny Champion Author Michigan Posts:4,212 Points:483,075 Joined:Apr 2009	Message Posted: Jul 5, 2009 12:09:17 PM Ignore 2granny Report Abuse No Thank You, they are not for me. I'll buy American.
Gropitou Rookie Author Montreal Posts:30 Points:942,525 Joined:May 2007	Message Posted: Jul 5, 2009 12:04:40 PM Ignore Gropitou Report Abuse You could buy a decent used car for the cost of a minor repair of any of their models, who needs'em ?
EXTREMESNOW Champion Author Medford Posts:4,495 Points:946,810 Joined:Jul 2006	Message Posted: Jul 5, 2009 12:01:11 PM Ignore EXTREMESNOW Report Abuse Qatar has to do something with all that oil money, can't repay the US for kicking Sadam out in 91.
gasie1 Champion Author Maine Posts:5,610 Points:1,565,115 Joined:Nov 2005	Message Posted: Jul 5, 2009 12:01:00 PM Ignore gasie1 Report Abuse I will keep my 1991 Buick away. Not interested in buying either one of the cars.
hibsaw Champion Author Mississippi Posts:3,103 Points:714,050 Joined:Feb 2008	Message Posted: Jul 5, 2009 12:00:33 PM Ignore hibsaw Report Abuse Not a fan of either one.
gas_too_high Champion Author Columbus Posts:4,343 Points:989,425 Joined:Aug 2005	Message Posted: Jul 5, 2009 12:00:17 PM Ignore gas_too_high Report Abuse Interesting that, while Porsche owns 51% of VW, the next biggest shareholder is the German state of Lower Saxony. Looks like "the People" already own a piece of the "People's Car" (or in German, Volks Wagen). In the US, we call that Government Motors.
BNSF733 Champion Author Chicago Posts:3,465 Points:845,295 Joined:Jun 2004	Message Posted: Jul 5, 2009 11:57:36 AM Ignore BNSF733 Report Abuse I'll probably not gonna buy one anyways......
Djeray Rookie Author Dallas Posts:66 Points:231,105 Joined:Jun 2008	Message Posted: Jul 5, 2009 11:57:27 AM Ignore Djeray Report Abuse and ...
Tucker1961 Sophomore Author Seattle Posts:202 Points:21,125 Joined:Jun 2009	Message Posted: Jul 5, 2009 11:56:40 AM Ignore Tucker1961 Report Abuse who cares
finch2dancandy Rookie Author Georgia Posts:71 Points:10,760 Joined:Jul 2009	Message Posted: Jul 5, 2009 11:55:42 AM Ignore finch2dancandy Report Abuse Will this affect the price of these already expensive cars?
bobdec Champion Author Florida Posts:4,259 Points:834,650 Joined:May 2008	Message Posted: Jul 5, 2009 11:50:16 AM Ignore bobdec Report Abuse Don't care would not buy either of those cars
granma3xnow Champion Author Indiana Posts:1,998 Points:410,675 Joined:Dec 2008	Message Posted: Jul 5, 2009 11:49:28 AM Ignore granma3xnow Report Abuse What difference does this make?
goumterps2002 Champion Author Dayton Posts:2,141 Points:350,495 Joined:Aug 2008	Message Posted: Jul 5, 2009 11:45:10 AM Ignore goumterps2002 Report Abuse This reminds me of my company. We bought them, but they ran the show for about 1-2 years, when it was finally demonstrated they didn't know what they were doing.
72_Monte Champion Author Twin Cities Posts:2,798 Points:1,019,780 Joined:Aug 2005	Message Posted: Jul 5, 2009 11:41:26 AM Ignore 72_Monte Report Abuse Hey, they could sell you a car with a lifetime supply of gas! Car made in Germany, fuel from the gutter!
GasHound2009 Veteran Author Dallas Posts:287 Points:109,280 Joined:May 2009	Message Posted: Jul 5, 2009 11:40:18 AM Ignore GasHound2009 Report Abuse neither will i...
HawaiianGuy Champion Author Idaho Posts:4,581 Points:2,107,695 Joined:May 2003	Message Posted: Jul 5, 2009 11:38:30 AM Ignore HawaiianGuy Report Abuse Who cares? I'll never own either of those brands.
spike1zz Champion Author Indiana Posts:5,152 Points:642,595 Joined:Oct 2008	Message Posted: Jul 5, 2009 11:36:57 AM Ignore spike1zz Report Abuse Dont want to buy one of these cars and cannot afford the other
Cheepo Champion Author Tampa Posts:5,054 Points:2,175,190 Joined:Apr 2003	Message Posted: Jul 5, 2009 11:35:11 AM Ignore Cheepo Report Abuse Drill here and now, and the arabs will not have enough money to buy car companies!!!
dl72 Champion Author Los Angeles Posts:2,447 Points:449,710 Joined:May 2009	Message Posted: Jul 5, 2009 11:34:37 AM Ignore dl72 Report Abuse We got other things to worry about.
albert2008 Champion Author Winnipeg Posts:2,448 Points:524,960 Joined:Sep 2008	Message Posted: Jul 5, 2009 11:34:06 AM Ignore albert2008 Report Abuse everybody wins with this merger
stugha Champion Author Massachusetts Posts:2,161 Points:266,065 Joined:Sep 2006	Message Posted: Jul 5, 2009 11:31:59 AM Ignore stugha Report Abuse "Qatar" I wonder what they expect out of this.
Helms Champion Author Fort Worth Posts:4,229 Points:1,222,775 Joined:Jun 2005	Message Posted: Jul 5, 2009 11:31:52 AM Ignore Helms Report Abuse let's hope there are no survivors in that one!
taxiken Champion Author Twin Cities Posts:3,896 Points:1,100,000 Joined:Feb 2003	Message Posted: Jul 5, 2009 11:24:03 AM Ignore taxiken Report Abuse twiper1; Are you an Idiot?
FuelRacer1132 All-Star Author Iowa Posts:656 Points:159,890 Joined:May 2007	Message Posted: Jul 5, 2009 11:22:40 AM Ignore FuelRacer1132 Report Abuse What a family of cars this would be.
disldo Sophomore Author Chicago Posts:111 Points:39,550 Joined:Feb 2007	Message Posted: Jul 5, 2009 11:21:27 AM Ignore disldo Report Abuse Arabs buying into manufacturing...another step towards their belief of world domination. Beware!!!
twiper1 Champion Author San Diego Posts:2,916 Points:626,145 Joined:Oct 2008	Message Posted: Jul 5, 2009 11:20:07 AM Ignore twiper1 Report Abuse Be careful what kind of car you buy from that areaa. These countries use "SLAVE" labor
rippinusoff Champion Author Lexington Posts:2,454 Points:509,490 Joined:May 2007	Message Posted: Jul 5, 2009 11:19:01 AM Ignore rippinusoff Report Abuse stange kind of merger...and a 220 mph Beetle
channce All-Star Author Columbus Posts:882 Points:369,870 Joined:Apr 2008	Message Posted: Jul 5, 2009 11:17:09 AM Ignore channce Report Abuse Middle East countries owning manufacturing plants in Western countries is a scary thought. Will they impose their religious law on the plant workers' conduct?
wegman Champion Author Twin Cities Posts:2,893 Points:1,122,780 Joined:Jun 2001	Message Posted: Jul 5, 2009 11:16:07 AM Ignore wegman Report Abuse More assets in the civilized world being gobbled up by the Arabs. Not the most desirable of circumstances. But it does have a significant bright side - when the Great Recession ends (probably sometime after regime change in the United States) it means the Arabs will suffer when OPEC tries to run up oil prices again. And that may be a moderating influence. The Arabs took a bath with the Great Recession - not as bad as the civilized world, but a major hits.
la90042 Champion Author Los Angeles Posts:2,402 Points:505,405 Joined:Nov 2008	Message Posted: Jul 5, 2009 11:10:03 AM Ignore la90042 Report Abuse if it was a great investment why to they have to go to out of the country - folks should smell something funny....
Tnerbeel Champion Author Houston Posts:3,727 Points:772,635 Joined:Mar 2007	Message Posted: Jul 5, 2009 11:09:09 AM Ignore Tnerbeel Report Abuse At least the German government is not taking them over
1fulltank Champion Author Buffalo Posts:2,980 Points:575,900 Joined:Nov 2008	Message Posted: Jul 5, 2009 11:08:34 AM Ignore 1fulltank Report Abuse On deck: a Beetle that can fly in the 1/4 mile.
nigelb Champion Author Virginia Posts:3,473 Points:524,825 Joined:Feb 2008	Message Posted: Jul 5, 2009 11:08:27 AM Ignore nigelb Report Abuse I am wondering how this effects gas prices!
bruce725 Champion Author Dallas Posts:5,360 Points:612,865 Joined:Dec 2008	Message Posted: Jul 5, 2009 11:02:51 AM Ignore bruce725 Report Abuse just another autom merger
bbreff Champion Author Atlanta Posts:5,149 Points:1,634,145 Joined:Jun 2005	Message Posted: Jul 5, 2009 11:02:43 AM Ignore bbreff Report Abuse This is an all German problem.
jiamusi45 Champion Author Calgary Posts:1,315 Points:102,515 Joined:May 2009	Message Posted: Jul 5, 2009 11:02:27 AM Ignore jiamusi45 Report Abuse They already say that VW, is the largest car sales in the world right now. I already think that the Carreo, and Boxer already look like a Beetle.
TECH500 Champion Author Alberta Posts:3,141 Points:654,655 Joined:Apr 2008	Message Posted: Jul 5, 2009 11:01:55 AM Ignore TECH500 Report Abuse More mergers ... very common today.
mfeldstein Champion Author Ottawa Posts:3,712 Points:1,047,465 Joined:Feb 2007	Message Posted: Jul 5, 2009 11:01:27 AM Ignore mfeldstein Report Abuse Car Wars
olcowboy14 Champion Author Spokane Posts:4,650 Points:738,375 Joined:Jul 2007	Message Posted: Jul 5, 2009 11:00:22 AM Ignore olcowboy14 Report Abuse I always thought there was a tie in between the two as in the early 60's you could buy a VW with a Porsche engine... they were fast.
adr47 Champion Author Saskatchewan Posts:2,391 Points:536,470 Joined:Nov 2008	Message Posted: Jul 5, 2009 10:58:49 AM Ignore adr47 Report Abuse All in the family.
fightbigoil71 Champion Author Milwaukee Posts:2,760 Points:589,160 Joined:Nov 2008	Message Posted: Jul 5, 2009 10:58:36 AM Ignore fightbigoil71 Report Abuse I had always thought that Porsche had developed the VW
hangupanddrive Champion Author Michigan Posts:1,831 Points:1,157,655 Joined:Aug 2005	Message Posted: Jul 5, 2009 10:58:02 AM Ignore hangupanddrive Report Abuse VW and Audi, now Porsche? Stranger things could happen.
demnuts Champion Author Orlando Posts:8,200 Points:1,273,025 Joined:Aug 2003	Message Posted: Jul 5, 2009 10:57:57 AM Ignore demnuts Report Abuse they really should look around and see the condition of the automobile industry and settle their differences.
WillyG Champion Author Cincinnati Posts:1,915 Points:570,395 Joined:Aug 2005	Message Posted: Jul 5, 2009 10:56:18 AM Ignore WillyG Report Abuse I understand the owners of the 2 companies are related. Who wins, and who looses ?
tazdriver Champion Author Huntsville Posts:4,892 Points:1,177,500 Joined:Jan 2007	Message Posted: Jul 5, 2009 10:50:45 AM Ignore tazdriver Report Abuse Makes you wonder about the future of the new US VW plants.
djgunrunner Champion Author Salt Lake City Posts:4,794 Points:1,379,690 Joined:Apr 2005	Message Posted: Jul 5, 2009 10:50:29 AM Ignore djgunrunner Report Abuse Qatar should really hope that the price of crude stays high. But then they could probably buy VW/Porsche with pocket change.
bluenvoy Champion Author Nashville Posts:7,791 Points:1,088,540 Joined:Oct 2005	Message Posted: Jul 5, 2009 10:49:22 AM Ignore bluenvoy Report Abuse Qatar has lots of $$$.
ArthurDent Champion Author San Jose Posts:3,820 Points:646,610 Joined:Nov 2008	Message Posted: Jul 5, 2009 10:48:58 AM Ignore ArthurDent Report Abuse The hunter became the hunted. That story seems to have played out more the once over the past year.