http://www.spiegel.de/international/busine...,626666,00.html

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

wow scary

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

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

Or, for another take on it all:
Fast Bucks - How Porsche Made Billions from the BBC

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....

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.

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