![Entry-level Porsche Macan EV Launched At Rs 1.22 Crore, Alongside A Powerful Mid-spec 4S Variant](https://images.zigcdn.com/images/spacer.png)
Entry-level Porsche Macan EV Launched At Rs 1.22 Crore, Alongside A...
- Jul 17, 2024
- Views : 210
The weekly magazine wrote on Saturday that Wendelin Wiedeking, the chief executive of heavily-indebted parent Porsche, still considered the amount insufficient in talks over the possible sale of a 49.9% stake in its healthy, wholly-owned manufacturer of 911 Carrera coupes.
Wiedeking prefers a rival concept to reduce debt that entails the aid of Sheikh Hamad bin Khalifa al-Thani, ruler of the natural gas-rich Gulf state of Qatar. Der Spiegel wrote that the sheikh has stated his willingness, via an investor agreement, to offer € 7 billion for both a stake of just over 25% in the listed holding and Porsche's cash-settled options in VW stock that Wiedeking used to hedge the cost of his failed stealth takeover of VW. An industry source told Reuters on Saturday the € 7 billion was a realistic amount.
Separately, Spiegel's closest rival Focus reported that Volkswagen was working on a legal concept of how to save the Porsche and Piech families that own Porsche some 1 billion euros as part of a sale to VW - money that otherwise would be lost as tax revenue for the finance ministry. The news emerged as the rival Porsche and Piech clans get set for a supervisory board meeting on July 23 that should decide on the future of the company.
German newspapers Frankfurter Allgemeine Zeitung and Stuttgarter Zeitung both reported that because of a contractual agreement between the two factions not to split their votes at board meetings, the families would meet in advance to decide.
Entry-level Porsche Macan EV Launched At Rs 1.22 Crore, Alongside A...
The Highly Anticipated Tata Curvv And Tata Curvv EV Break Cover In...
Hyundai Exter CNG vs Tata Punch CNG: Which Dual-cylinder CNG Micro...
5 Door Mahindra Thar Roxx Select Variant-wise Prices Out, Starts From...
Your First Look At Mahindra Thar 5-door, Now Called Thar ROXX, Ahead...
Most Anticipated Car Of 2024, Mahindra Thar Roxx 5 Door, Launched In...
You Can Book The Tata Curvv And Curvv EV At Select Dealerships Ahead...
Tata Curvv SUV Coupe Debuts In Full With A New Turbo-petrol Engine...
The Highly Anticipated Tata Curvv EV Launched In India At Rs 17.49...
MG Cloud EV, Tata Nexon EV Rival, Teased For The First Time In India
India's largest automotive community