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YOUR RESEARCHPorsche in hot water
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Replace "many" numbers
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"The Porsche and Piech families plan to sell their main car assets to Volkswagen AG under a plan that would tighten Porsche SE’s grip on Europe’s biggest automaker, according to two people familiar with the matter."
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Suggestion
"The Porsche and Piech families plan to sell their main car assets to Volkswagen AG under a plan that would tighten Porsche SE’s grip on Europe’s biggest automaker, according to two people familiar with the matter."
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If you own 50.8% if a company, you should be able to control the board of directors and the question shouldn't be "
if
they pay a dividend" but "
when
they pay a dividend".
Just my $0.02
wow... not good IMO, but hey.... Porsche is small (in the big picture of Auto MFG's)
I am willing to give them 1/2 the proceeds of the sale of my GT2 wing to help pull them out of this slump... (maybe that will boost interest)
I would very much love to help Porsche out by buying another new one. But, after 40 years and 16 Porsches, they have finally priced me out of the new Porsche market.
But that is good news for current Porsche owners who will eventually sell me their one-owner, very low miles, carefully maintained 911 for half the sticker price they paid a few short years earlier.
But not this year...
I have purchased two newer Porsche 911 series cars than the one I have now, over the past 10 years. But I so enjoyed the experience of buying a real gem at half price that I intend to use that same method going forward.
Consider the following:
http://www.autotrader.com/fyc/vdp.js...standard=false
There are plenty of other guys out there like Phil, and they are saving their cars for ME!
They aren't small anymore, not when you consider the value of that VAG stake. I wouldn't get too worried, ze germans are loathe to permit outright failure, especially after being forced to move heaven and earth to allow the deal in the first place. I'm thinking a little extension won't be too hard to negotiate give the sheer size of the situation. IF VAG is posturing that is, but if they really can make the deal work it would be deep irony
and more news:
http://www.bloomberg.com/apps/news?p...d=aUp8sH95gJq8
"The Porsche and Piech families plan to sell their main car assets to Volkswagen AG under a plan that would tighten Porsche SE’s grip on Europe’s biggest automaker, according to two people familiar with the matter."
Porsche SE is NOT the company that makes 911s. That's Porsche AG.
This is a source reference. Confirm exact model applicability in the original material.
