By Dietmar Hawranek
Luxury carmaker Porsche came very close to bankruptcy in March. Only a dramatic rescue operation saved the company, but it’s still on the skids. Over the coming weeks, the sports car manufacturer — which is up to its hubcaps in debt — could find itself in an increasingly difficult financial situation if it doesn’t swiftly merge with Volkswagen.
In the harrowing tale currently embroiling Porsche, the good fairy is played by a sheik. Porsche managers say the company is conducting promising negotiations with the emirate of Qatar.