Berlin ready to deny Porsche a state loan

Article reports that the German government looks set to turn down a request by Porsche for a state loan of €1.75bn with which the sports car maker hoped to ease financing problems in the wake of its stalled bid for rival Volkswagen, June 2009.

ESO: Background information: Germany rejects loan request from Porsche http://www.europeansources.info/record/germany-rejects-loan-request-from-porsche/

Spiegel Online International, 18.7.09: Volkswagen to Acquire Porsche http://www.spiegel.de/international/business/0,1518,636905,00.html

Deutsche Welle, 19.7.09: Porsche works council chief threatens strikes over possible VW takeover http://www.dw-world.de/dw/article/0,,4497413,00.html

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