Posted on 05/25/2009 5:21:46 PM PDT by bruinbirdman
They should get 0bama to force them into bankruptcy where he takes control.
have you driven a porsche, lately?
It is a very negative article on Porsche..Try this one.
http://www.economist.com/business/displaystory.cfm?story_id=13649071
After reaching an agreement on May 6th to call off Porsches improbable attempt to take over VW, a company 15 times its size, the Porsche and Piëch families, who control 100% of the voting stock in Porsche Automobil Holding, gave themselves four weeks to hammer out the terms and structure of a merger between the two firms. But Mr Piëch, who personally owns 10% of Porsche, has now made it quite clear that it is he and VW that are in the driving seat and not, as seemed likely only a few months ago, his cousin, Wolfgang Porsche, or Mr Wiedeking. The final shape of the merged group has yet to be fixed, but Mr Piëch dropped some pretty broad hints.
Mind you I would love one and they still look cool, but my understanding is a lot of other brands, even Corvette, can outperform — across the board — Porsches by class, even a the super upper end.
Any car folk want to confirm or enhance?
Take over Volkswagen?
A Porsche IS a Volkswagen - with a higher pricetag, some bodywork and a driver who loves retrotech.
(Donning Nomex and getting out the extinguisher.)
Do not even joke about stuff like that....
Proud Porsche owner...
Typical Germans. My male Daschund fell in love with the neighbor's Labrador .....
That is what I have been hearing — Porsche has dropped to 3rd or 4th in all classes it competes in.
The two cars that I mentioned - I own one and a lazy relative of mine owns the other.
(The guy with no visible means of support has the Vette - go figger!)
Porsche had this takeover in the works for years,if the economy had not gone south they would control VW now.
And yes the Germans have a habit of biting more than they can chew.
How does the dog love story end badly i presume?
I have never driven a Porsche but my sister in law has one and I have ridden in hers. It is probably the most uncomfortable car I have ever ridden in. Maybe they are so much fun to drive that the driver doesn’t realize the passenger wants out!
Ping
>>The guy with no visible means of support has the Vette - go figger!
Same way that the “poor people who followed the rules” being foreclosed on always have a beautiful 60” flat screen TV while I, who never has missed a payment, have a 10-year 32” old tube type.
Let me get this straight: They are borrowing money from a company, larger than them, that they took over? How exactly does that work? Well, maybe it doesn’t work.
They aren’t that much fun.
The owners just won’t admit that they made an $80,000 mistake.
The moral of this story: stick with what you know, and quit trying to make a dishonest buck with financial shenanigans!
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