March 1, 2012

Audi’s huge coffers ready to buy Porsche

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Audi is forcasting to post a good operating profit for 2009 and it is thought that this will help parent company VW to finally make its move of buying out Porsche.

A hug chunk of VWs liquid funds come from Audi’s successes over the past year which can only be positive for the car industry.

The current shareholders at Porsche are under severe financial pressure after, the complete opposite of VW. With a reported 14 Billion Euro debt, the CEO of Deutsche Bank have said that Porsche need to urgently pumped some money into the firm.

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