Porsche Rejects VW Takeover Offer

Debt-laden Porsche rejected as "unfeasible" a bid from Volkswagen to buy 49% of the German sports car maker, hoping instead for a deal with Qatar

Porsche, the debt-laden German sports carmaker, on Monday rejected Volkswagen's offer to buy a 49 percent stake as the damaging power struggle between the two companies escalated. "It's not a viable option to sell 49.9 percent of Porsche AG to VW," a Porsche (PSHG_P.DE) spokesman told German news agency DPA.

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