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914World.com _ 914World Garage _ SOT: Money for nothin' Is Porsche...

Posted by: SGB May 28 2009, 01:42 PM

http://www.spiegel.de/international/business/0,1518,626666,00.html

insert link funcion kept acting screwy, so here it is.

Posted by: dr914@autoatlanta.com May 28 2009, 02:02 PM

wow scary

Posted by: zymurgist May 28 2009, 04:11 PM

What a close call that was! And Porsche is not out of the woods yet.

Posted by: carreraguy May 28 2009, 06:50 PM

Very interesting! Staying tuned for sure!
Looks like, at a minimum, Wendelking's days are numbered as CEO!

Posted by: Rick_Eberle May 28 2009, 08:57 PM

Or, for another take on it all:
http://news.bbc.co.uk/2/hi/business/7843262.stm from the BBC

Posted by: Jake Raby May 28 2009, 09:40 PM

Karma is a bitch.. Lots of loyal Porsche Owners have dropped the marque like a hot Potato after the M96 engine's issues..

15 modes of failure that Porsche says haven't occurred....

Posted by: Richard Casto May 28 2009, 10:06 PM

It's tough when you play stock tricks and screw a bunch of banks. Then borrow 10 billion Euro to try to buy VW and then realize that you can't pay back the loan and the banking industry that you previously screwed doesn't really want to help you. In fact, they may kick you when you are down.

My prediction? VW and Porsche merge, but it's VW that comes out on top and Porsche becomes just another brand like Audi, etc. Pretty much the end of one of the last independent auto manufactures. And they only have themselves to blame. The Porsche/Piech family will be quick to blame Wendelking and will chop off his head. But the family was turning a blind eye when things were going well and they looked to be on top of the world.

Posted by: 914Sixer May 29 2009, 07:30 AM

Things that make you go Hummmmm!!!!!!!!