Porsche Supervisory Board supports negotiations with Quatar

Published July 23rd, 2009 - 08:30 GMT
Al Bawaba
Al Bawaba

In its extraordinary meeting Wednesday the Supervisory Board of Porsche Automobil Holding SE, Stuttgart, unanimously authorized the Board of Manage-ment to finalize talks with Qatar Holding LLC (QH) over an investment in Por-sche SE. The ultimate goal is to lay the foundations for creating an integrated car manufacturing company from Porsche SE and Volkswagen AG.