Filing for bankruptcy would spell the end of the Porsche we know and love. Screw a takeover of VW, they need to reorganize themselves quickly and avoid having another entity come in and do it for them.

blah blah, Posche itself is healthy but their money is bound in VW shares. they could sell some of their stake but they want to be in control of VW not vice versa, so now they are trying to find an investor to get the rest of the VW shares.

PORSCHE’s predicament is more the making of GERMAN law more than their own mistakes or maybe equally due to. PORSCHE is a Premium Sports car maker. Without a firm base or regular customers to give there pennies, Premium marks are a luxury both in terms of the product and in business terms. Even BMW and MERCEDES-BENZ have a broad roster to sell to much less well heeled customers. PORSCHEs start at around $50K, while MB an BMW start more reasonably in the mid to high $20K-range.

If anything VW will likely turn around an end up own PORSCHE.

Also, BANKRUPTCY is not an automatic end of a car company, though in PORSCHE’s case it could mean the end of questionable cars like the PANAMERA and the CAYENNE. They could be forces back to the roots.

I’d love to see the situation turn backwards and see Volkswagen controlling Porsche. Porsche needs to be incapacitated.

If they do go into bankruptcy I forsee GM buying Porsche at cut rate price

OK probably some chinese company will buy them.

Two years ago Porsche declared 7 billions income after 3.5 billions in sales. I guess their accountant went Madoff route. Porsche so intertwined with VW that in can’t go bankrupt without pulling VW with it. Which can’t happen, ’cause Germany invested with VW (especially Lower Saxony). If they to cancel Panamera, I can’t imagine someone missing it.

I’m with xcatchmyshadowx, they don’t have cash funds but they could sell VW shares and walk out in one piece.

Borat, are you implying that they just might have cooked the books? Kind of like them accusing Nissan of cooking their ‘Ring times?

Porsche will be saved when they come out with their version of the VW Up! called the Porsche Putrid! Or maybe it’ll be the Porche Minimera.

They’ll need a Porche Pick-Up! too.
And something to compete with the LWB Tahoe – maybe the new Porsche Zugspitze.

wow thats what they get cause they said the government shouldnt bailout automarkers .. when the big three were asking … haha lol

Interesting.

it is not all about debts, porsche may have huge debts because of their investment in VW but their market capitalization is almost twice as much. so they are not really in trouble or close to bankruptcy at all.
it is simply Piech vs Wiedeking behind the scenes. Wiedeking wants more power cause Porsche is his baby and Piech the Godfather of german auto industry wants VW to have more power cause VW is his baby. For Piech it will be a win – win situation as he owns a big part of Porsche as well but for WW (Wiedeking) it could be the end of his glorious career. We will soon see who will win the clash.

hahahah sucked in porsche….

Everyone seems to be bashing Porsche, however, does anyone see the “Big Picture” with what is going on with the global economy? We are in for economic hardships that we have never seen before… I think we should all be a bit concerned…

It’s Porsche’s own fault. If they only built cars people want to buy… Oh wait

If they would reduce their dealer count… Wait, whut?

If they didn’t spend so much time developing gas guzzlers… Hmmph

Well, damn!

Bavarian, if the government keeps nationalizing the economy, then you are right that we’ll be seeing a lot of hardship and should be concerned.

If on the other hand Lord Obama would keep his grubby hands off of industries that he is clueless about and discontinues its effort to tax the ufck out of energy and to bankrupt healthcare like everything else government touches goes bankrupt, then the pain will be short-lived and we can all go back do doing what is best for us.

When people vote for undefined “change” they will almost always get change for the worse. That’s because if its defined, people won’t vote for it. MaoBama knew this, but the obamatards that elected this idiot trusted more in a vague hope than they did in themselves. A lot of people will pay the price for those retards.

How many times have I said that Porsche sucks and their “takeover” is completely out of line? This just proves they cant handle it.

and Blakaar I dont think Ive seen a MB or BMW start in the “$20k” range in the USA in a solid 5 years.

I know…..Audi is under VW….no?

if the economic meltdown you’re blaming obama for had occurred during bush’s term in office, you’d see the same meddling…don’t pretend it would be any different, if you honestly believe it would’ve been different, you’re more insane than i originally thought…(which is actually pretty far out there to begin with)…

keep grinding that axe, though, it’s really helping to change the world…

Let me make sure I understand you, LeftWingAgenda:

….. someone who believes the government should meddle in and run his and other people’s
….. lives is calling someone else who believes in individual responsibility, liberty, freedom, and
….. trusts in himself “insane.”

Do I have that right?

BTW, RetardAgenda, I think McCain is a POS also. Ron Paul was the only decent candidate out there but since the voting populace is littered with foolish cowards about life such as you, reason doesnt stand a chance. You keep going on about making the crappy government bigger, and someday when someone you dislike is running the show, you’ll learn a lesson. I’ll keep loathing any and all forms of government, big and small, and believing in myself and taking care of myself only. Your POSident can go to hell.

Must be b/c they make POS cars that no one wants, right you domestic haters!?!??

Porsche makes some of the most impractical and costly vehicles on the road today (with horrible reliability ratings nonetheless). This news of a potential bankruptcy comes as a complete shock to me.

Driving the business off a cliff … at high speed.

Porsche has made appr.7 billion last year (~5 billion in 2007) through investments and (only) 1 billion through car sales. last year was their best year ever.
So it`s plain to see that Porsche has become more of an investment bank than a carmaker.
car sales are a just big bonus.

Jeremy, Porsche is above average for reliability.

http://www.jdpower.com/corporate/news/releases/pressrelease.aspx?ID=2009043

Drop it xcatchmyshadowx… They won’t understand. Their car industry s******d up, so they’ll feel better if some else fails too…

@ SomeGreek , true . “Schadenfreude” in action.

It cant have been more then 12 months ago Porsche was boasting of insane per unit profits and the endless talks of a takeover of VW. Now BK is real possibility?

What happened to their AVERAGE $ 27,600 profit per CAR they have been boasting about????

Why doesn’t their money problems make the NEWS like GM’s problems ???? (Because they have no UAW union to bust or plants to move to other countries…that’s why.)

Toyota lost more than GM this year so far, but all we ever hear about is GM ??

Keep your Porsche’s …… they are the same old out dated roller skate design they have been making for 30 years. Tired old VW in disguise.

I’ll buy American made……..at least until we stop making them (which won’t be long till the Chinese GM’s hit the market)

This happens when a small fish like Porsche tries to swallow a big fish like VW. Porsche be carefull in near future.

The main reason why Porsche tried to swallow VW is beacuse of the CO2 regulations for the fleet consumption. If Porsche remains alone, then they have a very high CO2 emission per modell. This will increase the price of the car for each gram of CO2 which is emitted. If VW and Prosche get together than the fleet consumption is reduced for the Prosche but VW might have a slight increase.

People need to realize that the near Bankruptcy has nothing to do with Porsche’s car manufacturing and everything to do with their attempt to buy VW. Porsche was the most profitable car company in the world last year. So, injunraiv, it has nothing to do with Porsche not offering people what they want.

Porsche needs to buy VW to meet upcoming Cafe standards. With its current lineup there is no way it can meet them. It needs the large numbers of economy cars that VW sells to allow them to continue to build high performance sports cars, SUVs and luxury cars. A large number of 60+mpg diesel Polos would really help this. So, Porsche borrowed heavily to buy up VW shares, but, then the economy tanked and Porsche is holding VW shares that it can no longer afford to finance. Big problem. The 7 Billion profit last year was mostly a paper profit that is not helpful at all to their current predicament. So, if you are going to bash Porsche, feel free to do so, because they are threating to bankrupt out of existence a fantastic company. But, criticize the right parts of the company…..the head of Porsche.

A used 911 Turbo or a brand new GTR R35? The market has spoken. But srsly, Porsche’s response to Nissan was whining and not actual counter action. Kinda sad really.
Then you have Audi, BMW and Mercedes splitting the German douche badge (ta ta tish) demographic. I feel bad for Porsche.

When you’re dealing with sales volumes as low as Porsche’s, I don’t think you need to dip into the $20k’s, $30k’s, or even $40k’s. As long as you sell your product at whatever price the market tolerates, you’re fine. Porsche just aims high, and they’ve succeeded. I don’t believe their sales have dipped any more than what is typical in the current economic climate.

If something bad should happen to Porsche, I don’t see the Cayenne going anywhere–it’s too profitable, sales are high and the development costs were shared with the VW Toureg. Maybe the Panamera would get cut.

It’s been said elsewhere in these posts that Porsche is in its predicament becaues it tried too hard to buy VW. If Porsche files bankruptcy, I rather doubt it’ll be the last we see of ‘em. Porsche will get restructured, its debt wiped, and it’ll start anew. They should be around long after I’ve saved enough to buy my 911 Turbo.