Porsche, BMW may tap into state fund

May 17 2009 15:58:21

Porsche, BMW may tap into state fund

Bloomberg

Porsche spoke with state-owned development bank KfW Group about a 1 billion-euro loan, the magazine said on its Web site. BMW also collected information about a loan, Spiegel reported. The fund, which offers loans and guarantees, has received limited use so far, Spiegel said.

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