I know the headlines are supposed to pique your interest and get you to read an article, but I didn’t like this headline from News.com.au: “Arabs poised to snap up Porsche”. Brad, one of our PorschePerfect.com readers sent a link to this story over this morning. I have to say, definitely not in love with the idea.
We’ve talked a fair amount here and there about Porsche’s financial dilemma and it appears things are worsening to a point where giving up some control of the company may be inevitable. You need to read the article for yourself (link at the bottom of this post), but the 2 things that stirred up the most for were this:
Qatar has asked for voting shares, a first at Porsche which is wholly controlled by members of the Porsche-Piech families, German media reported.
Ferdinand Piech, a co-owner of Porsche and former Volkswagen boss, does not have enough backing to turn down Qatar, the weekly says.
Seems like Porsche is over a barrel and ripe for someone to come in and capitalize on the company and their recent investment in VW.
I don’t know enough about the inner workings of the manufacturers to fully understand how this would impact Porsche. Why don’t people weigh in on what they think and what theories they have in the comments.