Thursday, June 4, 2009

In The News Today

On June 4, 2009 (Today), Qatar was in the news in discussing their interest in associating themselves with Germany's "Porsche" automobile company. A "finance minister" had stated that Qatar was looking to get involved with the "stake" of Porsche and had great interest in getting their country involved in the "car market." Because of the decrease in stock, Qatar has interest in not only Porsche, but other German automotive companies like "Volkswagen" as well. 
The trouble that Porsche has that Qatar does not know if they can deal with is their debt. Currently Porsche is in $12.75 billion dollar debt, that causes a country like Qatar to think else where (Volkswagen) when thinking about what car company they want to get involved with. Qatar has shown interest in German car companies since March of this year and continues to do so, whoever they choose will be for the betterment of the country and each individual person as a "whole" country. 
Shields, Michael. "Qatar Still Eyeing Porsche Stake - Finance Minister." Www.reuters.com. 4 June 2009 

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