Porsche plans to add €5bn to capital base

Porsche plans to increase its capital base by at least €5bn in a move to bolster its sagging balance sheet ahead of a planned, though controversial, integration of carmaking operations with its German rival Volkswagen, the FT reported. The sports car group gave few details of the structure of any capital boost and said nothing on the future of its chief executive Wendelin Wiedeking; nor did it comment on speculation that the emirate of Qatar would be taking a stake.