Qatar
-
Two new Touaregs made their debut in Qatar today, with a special take on the Race Touareg 3 and, for the driver that can't get enough of anything, the Touareg Gold Edition. Yes, that's real 24-karat gold. Bling is not a worn-out term in Qatar, it appears--or at least not a worn-out concept. Starting with a regular Touareg, VW added custom 22-inch wheels, roof rails, rub strips, and other details--all plated in gold. Inside, there's more. Switches and other details get the precious metal treatment, while the dashboard is trimmed in brown leather with contrasting seams. Walnut Burr wood trim...
-
Lamborghini Gallardo LP560-4 Bicolore Unveiled In QatarWhat better way to entice oil-rich supercar lovers to buy your hardware than dressing it in a unique set of two-toned duds? Apparently none, if you're Lamborghini. The Gallardo LP560-4 Bicolore made its debut todayahead of display at the Qatar Motor Show. Sporting the same potent V-10 engine...
Nelson Ireson -
Volkswagen XL1: High-Tech, Super Efficient, 261 mpg
If the 20th Century was all about improvements in safety and performance for the motor car, the 21st Century see these criteria joined by efficiency. We're seeing a phoenix-like rise by the electric car, and manufacturers are finally taking steps to reduce vehicle weight, improve aerodynamics and...
Antony Ingram -
Qatar Acquires 17% Stake In Volkswagen, Gains Seat On Porsche Board
Qatar is now the third biggest shareholder of Volkswagen after the German state of Lower Saxony and the Porsche/Piech families.
Viknesh Vijayenthiran -
Porsche Sells 10% Stake To Qatar Investment Group
Porsche needed to seek outside help to cover its billions of dollars of debt.
Viknesh Vijayenthiran -
Official: Michael Macht to replace Wendelin Wiedeking as Porsche CEO
On the tail of a failed attempt to takeover Volkswagen and the ensuing embroilment of the ruling Porsche and Piech families, Porsche has confirmed that current CEO Wendelin Wiedeking will be replaced by the company's former production chief, Michael Macht. Other changes include the departure of...
Nelson Ireson -
Tie-ups between traditionally European brands and Middle Eastern investment firms are becoming increasingly common. Aston Martin's primary shareholder is the Kuwaiti firm Investment Dar, and Porsche is currently hammering out a deal with Qatar, but now Abu Dhabi investment firm Aabar has purchased 4% of Daimler's stake in American electric car company Tesla Motors as a precursor to future joint ventures. The Reuters report of the deal indicates that the details of the future of the joint ventures are still under discussion, but statements from both Daimler CEO Dieter Zetsche and Aabar...
-
Germany says no to Porsche's request for aid
Porsche Automobil Holding SE, the company that owns Porsche AG and has sought a controlling interest in Volkswagen AG, will not be on the list of government loans in Germany this year according to the latest reports. Porsche is already actively seeking help from outside sources, however. Porsche...
Nelson Ireson -
Report: Porsche’s controlling families back selling 25% stake to Qatar-based investors
A little over a week ago we reported on Porsche's financial troubles and the company’s attempts to seek a lifeline from both the German government and outside investors - namely in the form of an investment from the Gulf state of Qatar. More details have since emerged about Qatar's interest...
James Martinez
