Porsche in a bit of shite!

G33 · 05-25-2009, 02:17 PM

After the £12.6 billion hedge fund killing in the back end of 2008 Porsche are now in the shit after being greedy and buying a greater share in VW as it seems?! Skimmed most of it but i guess thats the jist of it??? (http://www.independent.co.uk/news/bu...ng-976896.html)

PORSCHE IN NEED OF BILLIONS - CLICK ME

Porscha! · 05-25-2009, 02:22 PM

I thought Porsche was the most profittable car manufacturer. Could this effect Porsche? I really hope not, Porsche need to survive.

beemerbird · 05-25-2009, 03:06 PM

Lol at the hedges fund, they don't like it when boots on the other foot. Business is business as they say. Illegal - possibly not. Imoral - hmmm.

http://uk.news.yahoo.com/18/20090525...k-5268574.html

Could always sell the shares but then VW shares would drop.

Unlike our Government, I can't imagine the German Government would allow ANY of their car manufacturers to go under if they could help it.

itsbrokeagain · 05-25-2009, 04:55 PM

Porsche will come through.

They should bring Schulz (sp) back in the game.

NFS · 05-25-2009, 05:14 PM

Any company with significant lines of debt falling for renewal this year has a problem.

Porsche bought a massive stake in VW at a low price, when the rest of the market felt that VW had 'fallen through support' and would continue to fall.

Smart move, but if they increased their debt in Oct 08 to do this it was also hugely risky. Most companies took immediate action at that time to reduce their debt.

05-25-2009, 02:17 PM	#1
G33 Colonel 91 Rep 2,079 Posts Drives: 335i Join Date: Jun 2007 Location: London iTrader: (0)	Porsche in a bit of shite! After the £12.6 billion hedge fund killing in the back end of 2008 Porsche are now in the shit after being greedy and buying a greater share in VW as it seems?! Skimmed most of it but i guess thats the jist of it??? (http://www.independent.co.uk/news/bu...ng-976896.html) PORSCHE IN NEED OF BILLIONS - CLICK ME
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05-25-2009, 02:22 PM	#2
Porscha! Should be on www.retrorides.com 94 Rep 3,573 Posts Drives: Porsche 944 Join Date: Apr 2008 Location: Derbyshire iTrader: (0) Garage List 1978 MG Midget 1500 [0.00] 1987 BMW E30 325i C ... [0.00]	I thought Porsche was the most profittable car manufacturer. Could this effect Porsche? I really hope not, Porsche need to survive.
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05-25-2009, 03:06 PM	#3
beemerbird Major General 172 Rep 7,953 Posts Drives: Merc diesel Join Date: Oct 2007 Location: Yorkshire iTrader: (0) Garage List 2010 TTRS [9.00] 2007 Audi S5 [0.00] May 2007 Porsche 99 ... [0.00] March 2007 Porsche ... [0.00] Sep. 2007 E92 335d SE [0.00] July 2006 E90 330i ... [0.00]	Lol at the hedges fund, they don't like it when boots on the other foot. Business is business as they say. Illegal - possibly not. Imoral - hmmm. http://uk.news.yahoo.com/18/20090525...k-5268574.html Could always sell the shares but then VW shares would drop. Unlike our Government, I can't imagine the German Government would allow ANY of their car manufacturers to go under if they could help it.
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05-25-2009, 04:55 PM	#4
itsbrokeagain 310 Rep 15,745 Posts Drives: 1999 528iT, E53 X5, E46 325xi Join Date: Mar 2007 Location: Strong Island iTrader: (7)	Porsche will come through. They should bring Schulz (sp) back in the game.
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05-25-2009, 05:14 PM	#5
NFS Major General 275 Rep 9,218 Posts Drives: M340i Join Date: Jul 2006 Location: UK iTrader: (0)	Any company with significant lines of debt falling for renewal this year has a problem. Porsche bought a massive stake in VW at a low price, when the rest of the market felt that VW had 'fallen through support' and would continue to fall. Smart move, but if they increased their debt in Oct 08 to do this it was also hugely risky. Most companies took immediate action at that time to reduce their debt.
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