PORSCHE BUYS 20% OF VOLKSWAGEN?
09-27-2005, 04:11 AM
#1
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PORSCHE BUYS 20% OF VOLKSWAGEN?
I have just heard that Porsche has bought a 20% share in Volkswagen. Interesting when you consider Porsche does not have money to run at Le Mans but has money to buys Volkswagen shares.
Do you guys know any more of this?
Do you guys know any more of this?
09-27-2005, 07:06 PM
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Originally Posted by DrJupeman
Porsche just wanted a share of Audi's Le Mans victories... 
I know a race team that would really appreciate your sense of humor
10-02-2005, 12:51 AM
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Porsche should be congratulated for killing shareholder value. VW is a lame player IMO... their business model needs an overhaul the German authorities will not accept. Recipe for disaster?? Many think so
10-04-2005, 07:10 AM
#7
It's the f*ck-up Piëch doing his work again. EU court struck down and voided the former rules that noone was allowed to own a bigger part of VW than the state.
The reaction? Porsche stock fell almost 10%...
The reaction? Porsche stock fell almost 10%...