VW-Porsche Merger Fails on ’Impossible’ Valuation? Good news?
#31
Race Director
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Porsche needs to sue the people who changed the rules last minute to prevent them from getting a controlling share of VW by upping the % needed to an unattainable amount (the 80% rule I think). How many billions would that be?
This is all a joke. You short sell, and expect to get burned. Porsche didn't forcast their plans because it would have been countered. Simple really. Short sellers be dammed. Short sellers don't broadcast what they plan to buy, so why should Porsche?
The sad part is that the short sellers win in the end. How many of them do you think bought Porsche shares immediately after Porsche stocks dropped 15% (due to their announced lawsuit and failed merger)? And if this gets resolved they get more money, and even if their case gets thrown out... they win again because Porsche and VW stocks go back up and they sell. Porsche needs to counter-sue the short sellers for launching a law suit and causing their stock value to drop, and merger to fail. How much is that worth? More than 1.1 billion.
I hate the legal system. The a-hole short sellers win no matter what...
Welcome to life.
This is all a joke. You short sell, and expect to get burned. Porsche didn't forcast their plans because it would have been countered. Simple really. Short sellers be dammed. Short sellers don't broadcast what they plan to buy, so why should Porsche?
The sad part is that the short sellers win in the end. How many of them do you think bought Porsche shares immediately after Porsche stocks dropped 15% (due to their announced lawsuit and failed merger)? And if this gets resolved they get more money, and even if their case gets thrown out... they win again because Porsche and VW stocks go back up and they sell. Porsche needs to counter-sue the short sellers for launching a law suit and causing their stock value to drop, and merger to fail. How much is that worth? More than 1.1 billion.
I hate the legal system. The a-hole short sellers win no matter what...
Welcome to life.
#32
Drifting
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Sure, just like Opel is owned by GM. But its design work is done in Germany, I think. The point is, they market to a different set of product expectations. The same way Ford in Europe had some much better cars than Ford in the US ever designed and produced (see Ford Capri III for example).
#33
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Sure, just like Opel is owned by GM. But its design work is done in Germany, I think. The point is, they market to a different set of product expectations. The same way Ford in Europe had some much better cars than Ford in the US ever designed and produced (see Ford Capri III for example).
#34
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Just for those that don't know, Porsche AG, the car manufacturer is NOT mergring with Volkswagen. Only the financial company Porsche SE and Volkswagen are merging. There won't be very much a difference at all in Porsche dealers, or Porsche's cars in general.
#36
Instructor
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If there is a shortage of engineers they can always offshore the work to China like everyone else does. Slap their name on it and hey now iits a "Porsche".
Increases their profit margins as labor is dirt cheap there.
Increases their profit margins as labor is dirt cheap there.
#37
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