According to a report by Bild am Sonntag (via Reuters), Volkswagen’s third largest shareholder, the Qatar Investment Authority (QIA), wants trade unions to have less influence in what happens at the automaker amid Volkswagen’s ongoing emissions scandal.

QIA, which owns 17 percent of Volkswagen, is said to use a meeting scheduled today with automaker CEO Matthias Müller to “demand a scaling back of the role of the works council,” reported Reuters.

Volkswagen representatives denied the report, stating, “Co-determination (joint decision-making by corporate and labor representatives) and the (role of the) works council were not on the agenda of the talks.”

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Four years after buying 10 percent of Porsche, the Gulf state’s sovereign wealth fund Qatar Holding sold its share back to Porsche’s  family shareholders, Reuters says.

Qatar kept its 17 percent stake in Volkswagen. Volkswagen owns all of Porsche’s car business.

When Ed Niedermeyer reported about Volkswagen’s new sub One Liter  (235 mpg) car, the XL1, currently on display in Qatar, he prognosticated that this “One Liter car represents a step closer to production.” A very close step, as it turns out. (Read More…)

Volkswagen and Porsche will set up a research and development center in Qatar, reports Arabian Business. Yes, you did read right, Qatar. Qatar Holding has signed a memorandum of understanding with Qatar Science & Technology Park (QSTP), Volkswagen and Porsche. According to the MOU, research and development, testing and training facilities will be built in Doha. “Other avenues of cooperation” may also be visited. (Read More…)

Hide the liquor, hide the women (or not): The supervisory board of Porsche and Volkswagen will get new members, all the way from Qatar. Sheikh Jassim Bin Abdulaziz Bin Jassim Al-Thani will be crowned new member of the Supervisory Board of Porsche Holding SE. Officially, this needs the votes of the stockholders meeting which will take place on January 29^th. But trust me, it’s all done.
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