Porsche takes majority of VW for €10bn

G

ga41

Veteran
 Paphos
In case you havent heard Porsche that now has a 31% share in VW will buy a further 20% in an estimated price of €10bn or £7.7bn.

Porsche is the most profitable maker by margin but i never expected they have this much buying power! I mean for f***s sake they make 100.000 cars per year and VW around 6.2 million!

Anyway here's a few articles with more details:

Autocar.co.uk
Times Online Very interesting this one
 
Kinda makes me glad I got the Z4 instead of a Cayman P-car. :smart:

I didn't like the amazing price of P-car maintenance along with the amazing sticker shock of just about any P-car part you buy and it's pretty clear where the money goes - huge profit margins instead of consumer car value. While my BMWs hardly represent the best in car value compared to the lower end of the auto market they seem pretty good compared to what you get for your money with Porsche.
 
I know they are very expensive to maintain and all but one cant help but admire Porsche. They went from the brink of bankruptcy to being the most profitable car maker with €10bn of spare cash! I especialy enjoy their attitude about the Porsche. Rear engined? Inherently imbalanced? What? Who?

I always loved and longed for a 911 and i probably will for quite some time. Porsche (with all its flaws) is by far my favourite car brand.
 
You must log in or register to reply here.
Back
Top Bottom