 SOT: Money for nothin' Is Porsche..., BANKRUPT? |
|
|
|
Porsche, and the Porsche crest are registered trademarks of Dr. Ing. h.c. F. Porsche AG.
This site is not affiliated with Porsche in any way. Its only purpose is to provide an online forum for car enthusiasts. All other trademarks are property of their respective owners. |
|
|
  |
| SGB |
 May 28 2009, 01:42 PM
Post
#1
|
|
just visiting  Group: Members Posts: 4,086 Joined: 8-March 03 From: Huntsville, AL Member No.: 404 Region Association: South East States  |
http://www.spiegel.de/international/busine...,626666,00.html
insert link funcion kept acting screwy, so here it is. |
   |
 
|
| dr914@autoatlanta.com |
May 28 2009, 02:02 PM
Post
#2
|
|
914 Guru Group: Members Posts: 7,853 Joined: 3-January 07 From: atlanta georgia Member No.: 7,418 Region Association: None |
wow scary
|
|
|
|
| zymurgist |
May 28 2009, 04:11 PM
Post
#3
|
|
"Ace" Mechanic Group: Members Posts: 7,411 Joined: 9-June 05 From: Hagerstown, MD Member No.: 4,238 Region Association: None |
(IMG:style_emoticons/default/yikes.gif)
What a close call that was! And Porsche is not out of the woods yet. |
|
|
|
| carreraguy |
May 28 2009, 06:50 PM
Post
#4
|
|
It's not your dad's 914! Group: Members Posts: 1,197 Joined: 17-October 03 From: San Jose, CA Member No.: 1,256 Region Association: Northern California |
Very interesting! Staying tuned for sure!
Looks like, at a minimum, Wendelking's days are numbered as CEO! |
|
|
|
| Rick_Eberle |
May 28 2009, 08:57 PM
Post
#5
|
|
Member Group: Members Posts: 390 Joined: 14-January 04 From: Geelong, Australia Member No.: 1,558 |
Or, for another take on it all:
Fast Bucks - How Porsche Made Billions from the BBC |
|
|
|
| Jake Raby |
May 28 2009, 09:40 PM
Post
#6
|
|
Engine Surgeon Group: Members Posts: 9,394 Joined: 31-August 03 From: Lost Member No.: 1,095 Region Association: South East States |
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.... |
|
|
|
| Richard Casto |
May 28 2009, 10:06 PM
Post
#7
|
|
Blue Sky Motorsports, LLC Group: Members Posts: 1,465 Joined: 2-August 05 From: Durham, NC Member No.: 4,523 Region Association: South East States |
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. |
|
|
|
| 914Sixer |
May 29 2009, 07:30 AM
Post
#8
|
|
914 Guru Group: Members Posts: 8,882 Joined: 17-January 05 From: San Angelo Texas Member No.: 3,457 Region Association: Southwest Region 
|
Things that make you go Hummmmm!!!!!!!!
|
|
|
|
|
1 User(s) are reading this topic (1 Guests and 0 Anonymous Users)
0 Members:
|
Lo-Fi Version | Time is now: 14th May 2024 - 07:11 AM |
Invision Power Board
v9.1.4 © 2024 IPS, Inc.