Interesting tidbit about Porsche:
12-04-2006, 02:23 PM
#1
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Interesting tidbit about Porsche:
Saw this in a financial report today:
"Porsche, which has annual revenues of $9.3 billion but makes the highest margins in the business, upped its stake in VW, which has revenues of $138 billion but some of the slimmest margins in the business. Porsche owns 27 percent of VW."
Sort of a David and Goliath, eh?
-Steve
"Porsche, which has annual revenues of $9.3 billion but makes the highest margins in the business, upped its stake in VW, which has revenues of $138 billion but some of the slimmest margins in the business. Porsche owns 27 percent of VW."
Sort of a David and Goliath, eh?
-Steve
12-04-2006, 02:35 PM
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Yeah, but now Porsche isn't going to be the only well-known independent carmaker left. Remember, Lambo, Ferrari, etc. have been bought up. All the major companies like GM, Ford, Toyota, own sub-brands and so they aren't interested in only producing cars with one name on them.
They'll be a conglomerate if this keeps up.
They'll be a conglomerate if this keeps up.
12-04-2006, 02:44 PM
#4
Race Director
I was under the impression they owned 29.9% which is the most one can hold in their country w/o having to be legally liable for the company. Thats from memory though...
12-04-2006, 03:05 PM
#5
Three Wheelin'
Yeah, 30% and they have to file for leveraged buyout. If it weren't for guards red 944's, they wouldn't be where they are today! They would probably be still making Porsches as a "356" with a BMW engine in the rear.