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Posted On: 7 June 2009 08:28 am
Updated On: 12 November 2020 02:09 pm

Qatar to buy Porsche this month?

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Qatar will strike a deal with Porsche by mid-June that will help the German sports car maker to pay down its ¤9bn ($12.8bn) debt pile, German weekly Focus reported. Porsche’s Chief Executive Wendelin Wiedeking has already travelled to Qatar several times and has worked out two possible options for an agreement with the country, the magazine said in an article to be published tomorrow, without citing sources.