Porsche ’s U.S. sales have taken a hit in recent months but, overall, the German sports car maker is fairing the economic storm pretty well. Because of its success, Porsche is taking a critical viewpoint of recent bailout packages, with its stance clearly on the opposite end of the spectrum from most lawmakers.
Porsche CEO Wendelin Wiedeking recently spoke at an event in Frankfurt, Germany where he basically slammed the idea automakers receiving bailout packages from their respective governments. In so many words, Wiedeking said automakers were willing to keep profits private in good times, but want to share the losses now that things aren’t so rosy. Wiedeking was also not fond of the idea of using taxpayer money to fund the bailouts.
On the other side of the coin, Wiedeking said Porsche shareholders will be “rejoicing” about the company’s upcoming financial results.
However, Wiedeking tune could change in the next few months as Porsche is set to take a majority stake in Volkswagen . While it may be easy to build extra profits into a $100,000 sports car, it gets a little trickier on an entry-level hatchback. Even tougher will be the transitions from a small company to a global giant – just ask Toyota .
