Bizarro news.... I guess they bit off more than they could chew buying up so much of VW. Porsche's attempt to take over Volkswagen thwarted by its own troubles - Open Road: A conversation about the cars and trucks we drive - USATODAY.com
First I had heard of it. According to this AdelaideNow... Porsche fights off bankruptcy talk And this Porsche's Plight: German Carmaker Narrowly Averts Bankruptcy - SPIEGEL ONLINE - News - International Yeah, the story appears legit
Poorsche? It only makes sense that makers of luxury goods will suffer in an economic downturn, but no more Porsche?! And maybe no Ferrari in Formula 1 next year? The world will never be the same.
Re: Poorsche? I fully expect a merger of VW and Porsche, not a liquidation of Porsche. Even if a merger doesn't happen, someone will buy Porsche and continue production. They have a sound product and excellent business sensed when it comes to making cars. Their leadership just lost focus running Porsche and instead decided to try to build an empire. Of course empire building has been the death of many countries as well as businesses.
Re: Poorsche? How very true Like the M&A craze that hit the pulp and paper industry around 10 years ago. Many of those resulting merged companies are now Tango Uniform, or very close to being so
