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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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tazdriver Champion Author Huntsville Posts:4,120 Points:929,430 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:3,361 Points:1,099,275 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:5,636 Points:870,390 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:2,200 Points:365,935 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.

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