Archive for the ‘Porsche’ tag

Qatar buys 10% of Porsche, maybe VW

Porsche Automobil Holding SE and Qatar Holding LLC have signed an agreement signaling the beginning of Porsche’s sellout to the Arabs. In the afternoon, the Chairman of the Supervisory Board of Porsche SE, Dr. Wolfgang Porsche, welcomed the high-ranking delegation from Qatar led by Prime Minister of the Emirate, Sheikh Hamad ibn Jassim ibn Jabir Al-Thani, to the historical Porsche Villa located on Killesberg Hill outside of Stuttgart. There, the two men signed two contractual agreements. Continue reading »

Porsche to sell out to Qatar government

Like cheap two-dollar sluts, one after the other the premium European car manufacturers are selling out large chunks of their shares to temperamental-but-rich Arab countries. After the Kuwaitis have bought out Aston Martin and Abu Dhabi Emiratis have become large shareholders in Mercedes-Benz and Ferrari, Porsche is reportedly close to a deal that would see the Qatari government become a major shareholder to help Porsche pull itself out of debt that it so stupidly put itself in after trying to take over the Volkswagen Group. Continue reading »