Global economy affecting Porsche
11-30-2008 | 12:35 PM
#1
Thread Starter
Rennlist Member
Joined: Oct 2003
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From: Portland Oregon
11-30-2008 | 02:50 PM
#2
Three Wheelin'
Joined: Dec 2007
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From: out in the sticks and flat lands of va wondering around for an open field or pavement!!!
I wondered if anyone else has seen this I read about this in my local paper in va the daily press on tuesday hope things start to go for the better soon.
12-01-2008 | 01:33 PM
#3
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From: North Shore
No worries...
In financial circles, Porsche is fast becoming known as a hedge fund which happens to also make cars.
The latest move came at the end of October-- In a very, very interesting (and brilliant) transaction, they recently earned a 6+ billion euro profit on the backs of some of the world's best known hedge funds (resulting in several of the funds shutting down).
http://www.economist.com/finance/dis...ry_id=12523898
In financial circles, Porsche is fast becoming known as a hedge fund which happens to also make cars.
The latest move came at the end of October-- In a very, very interesting (and brilliant) transaction, they recently earned a 6+ billion euro profit on the backs of some of the world's best known hedge funds (resulting in several of the funds shutting down).
http://www.economist.com/finance/dis...ry_id=12523898
12-06-2008 | 02:07 AM
#6
Instructor
Joined: Apr 2005
Posts: 170
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From: San Diego County, CA
I was asking our sales guy about the economy's impact and he said things were slower, but that cars at the $100K line and over were moving. Caymans and Boxsters were hard to move, and he said they' had a $499/mo. lease deal on Boxsters/Caymans that they can't give away.
12-06-2008 | 02:58 AM
#7
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From: North Shore
I went to the New England Int'l Auto Show today. Porsche didn't even bother to bring a Cayman or a Boxster. Several Cayennes, inclduing a totally loaded TTS which has a sticker north of 140. For the same money I'd rather have a Cayenne S AND some type of Carrera.
AM had a nice exhibit with several historical DB's and a couple older Vantages which were concours and looked interesting next to the new cars.
Ferrari has several nice 430's although one had lots of swirl marks. I'm assuming it was used, but they don't let you through the ropes to get a closer look. Maybe if I showed the guy I was holding 2 Porsche keys and a Benz key. LOL Whatever dude.
AM had a nice exhibit with several historical DB's and a couple older Vantages which were concours and looked interesting next to the new cars.
Ferrari has several nice 430's although one had lots of swirl marks. I'm assuming it was used, but they don't let you through the ropes to get a closer look. Maybe if I showed the guy I was holding 2 Porsche keys and a Benz key. LOL Whatever dude.