Comments on: Porsche down on bailouts for automakers

By: sharpie

sharpie — Fri, 17 Oct 2008 20:51:31 +0000

“automakers were willing to keep profits private in good times, but want to share the losses now that things aren’t so rosy”

Exactly! In economic bad times, all companies turn into communists!

By: DBro

DBro — Fri, 17 Oct 2008 14:51:59 +0000

Amen, I don’t disagree that they probably aren’t feeling their margins squeeze as tightly as other manufacturers, but they build with freaking integrity, and they would never let themselves widdle down to the point of bankruptcy… They know how to build quality cars, and run a company.

By: stick2clutch

stick2clutch — Thu, 16 Oct 2008 22:43:51 +0000

@ Z06…. I understand your logic but give credit where it is due. Porsche has always stood for something and they’ve done it right. They built up their brand and don’t water it down like others. They might be soon but not as of yet. For example GM, and don’t get me wrong I’m pulling for the big three to get through this crisis as long as they learn their lesson and build better, desirable cars as a result. But back to the point, when the $50K Escalade was first released you could find the same cheap ass components you’d find in the $13K cavalier at the time.

By: Z06ified

Z06ified — Thu, 16 Oct 2008 18:21:53 +0000

I agree with the LLN writer. Porsche always had it easy in turning a profit with their huge price premiums on niche sports cars. In many cases, they sell the brand name rather than the car. That’s pure profit.

Porsche has no right to comment if they’re not building mainstream cars at $20k price points at a profit. Any half-witted manufacturer can produce a car like the 911 turbo at a huge profit with a $130k price tag.

By: El Aleman

El Aleman — Thu, 16 Oct 2008 16:26:48 +0000

I’m with RaineMan.. Also if companies know they have a safety net, they would miss out on a competitive advantage if they turned such asn offer down.

Porsche has been on that route for at least all of Wiedeking’s reign though, they never accept subsidies and such either.

By: Lariat Luxury Locomotive Liner No.3

Lariat Luxury Locomotive Liner No.3 — Thu, 16 Oct 2008 16:15:56 +0000

@A4, remind me to have you screened when you visit my offices.

By: A4

A4 — Thu, 16 Oct 2008 15:58:47 +0000

i think volkswagen needs to go valkyrie on porsches ass and leave a briefcase bomb at the top to take out hitler… i mean porsche

By: Lariat Luxury Locomotive Liner No.3

Lariat Luxury Locomotive Liner No.3 — Thu, 16 Oct 2008 15:47:59 +0000

Bailouts are b-u-l-l-s-h-i-t!

By: johnnycanuck

johnnycanuck — Thu, 16 Oct 2008 15:42:53 +0000

I had no idea Halloween was so popular in Germany. Look, they even dress up their cars.

By: RaineMan

RaineMan — Thu, 16 Oct 2008 15:42:23 +0000

Finally… one auto manufacturer with some sense.

I don’t understand our society… we privatize gains, so the rich get richer… yet we socailize losses so everyone gets to feel the pain. Completely illogical.