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10:09 July 7th, 2009

Porsche’s VW options not for the faint-hearted

Posted by: Alexander Smith
Tags: Commentaries, , , , , , ,

porsche2Porsche may own a lot of options on Volkswagen - around 20 percent of the larger carmaker’s shares - but the sports car maker is running out of alternatives to solve the financing problems it built up by acquiring a 51 percent stake in VW.

Despite a recent report of other investors being interested in relieving it of the options, Porsche insists that talks with Qatar remain exclusive.

porsche-911gt2It’s no wonder that others are tempted by what is clearly one of the world’s best recognised marques — but with net debt of 9 billion euros and a family feud to resolve, any involvement with Porsche is not for the faint-hearted.

Then again, with a top speed of 329 kilometres per hour for the Porsche 911 GT2, neither are its cars.

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