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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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