Porsche close to bankruptcy?!

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