Porsche's Plight German Carmaker Narrowly Averts Bankruptcy

Luxury carmaker Porsche came very close to bankruptcy in March. Only a dramatic rescue operation saved the company, but it's still on the skids. Over the coming weeks, the sports car manufacturer -- which is up to its hubcaps in debt -- could find itself in an increasingly difficult financial situation if it doesn't swiftly merge with Volkswagen.
German luxury carmaker Porsche came close to bankruptcy in March.

German luxury carmaker Porsche came close to bankruptcy in March.

REUTERS