Comments on: Porsche posts $6.5B loss http://www.leftlanenews.com/porsche-posts-6-5b-loss.html Car news, reviews, and specs for the auto-industry Fri, 10 Feb 2012 17:10:00 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: n2k http://www.leftlanenews.com/porsche-posts-6-5b-loss.html#comment-500703 n2k Tue, 17 Nov 2009 08:42:46 +0000 http://www.leftlanenews.com/?p=22639#comment-500703 Left wing agenda: I could be wrong here but this is how i understand it all went down: Take overs cost money. You need to have a majority shareholding in order to control the company and make decisions. From what i can tell VW's shares are divided amongst unions, collective investors and private estates. Porsche's plan was to buy up a size-able chunk of vw and use the profits from those shares to buy up the rest of the company: very cunning. Unfortunately they miss-timed it. They spent money that wasn't theirs to pull of this heist and to make matters worse the market turned right in the middle of their dealings so the shares they were hoping to use to pull off this coup declined in value, unfortunately the interest demands from their creditors grew more demanding and unmanageable as they couldn't service the debt. Also the unions werent exactly going to roll over so that didnt exactly help matters. Now with their resources exhausted and their financial defenses compromised (as a result of tight credit markets) VW dug into their war chest and pulled out a reverse takeover. Classic! Left wing agenda: I could be wrong here but this is how i understand it all went down: Take overs cost money. You need to have a majority shareholding in order to control the company and make decisions. From what i can tell VW’s shares are divided amongst unions, collective investors and private estates. Porsche’s plan was to buy up a size-able chunk of vw and use the profits from those shares to buy up the rest of the company: very cunning. Unfortunately they miss-timed it. They spent money that wasn’t theirs to pull of this heist and to make matters worse the market turned right in the middle of their dealings so the shares they were hoping to use to pull off this coup declined in value, unfortunately the interest demands from their creditors grew more demanding and unmanageable as they couldn’t service the debt. Also the unions werent exactly going to roll over so that didnt exactly help matters. Now with their resources exhausted and their financial defenses compromised (as a result of tight credit markets) VW dug into their war chest and pulled out a reverse takeover. Classic!

]]> By: n2k http://www.leftlanenews.com/porsche-posts-6-5b-loss.html#comment-500702 n2k Tue, 17 Nov 2009 08:06:32 +0000 http://www.leftlanenews.com/?p=22639#comment-500702 scratchy: thats interesting i didnt know that. Would that division have grown organically from their vehicle financing/leasing operations or were they in the money business before they set out into vehicle manufacturing? scratchy: thats interesting i didnt know that. Would that division have grown organically from their vehicle financing/leasing operations or were they in the money business before they set out into vehicle manufacturing?

]]> By: Need more oil for GM http://www.leftlanenews.com/porsche-posts-6-5b-loss.html#comment-500459 Need more oil for GM Mon, 16 Nov 2009 20:25:44 +0000 http://www.leftlanenews.com/?p=22639#comment-500459 F'in awesome. Down with teh Germans. Go home. This is GM Country. What is good for General motors is good for America F’in awesome. Down with teh Germans. Go home.

This is GM Country. What is good for General motors is good for America

]]> By: scratchy http://www.leftlanenews.com/porsche-posts-6-5b-loss.html#comment-500373 scratchy Mon, 16 Nov 2009 17:29:00 +0000 http://www.leftlanenews.com/?p=22639#comment-500373 @The Stig , Porsche SE is an investment and banking company who also owns a car manufacturing division, Porsche AG. most of the money they make comes from banking and investments , not from selling cars. @The Stig , Porsche SE is an investment and banking company who also owns a car manufacturing division, Porsche AG. most of the money they make comes from banking and investments , not from selling cars.

]]> By: The Stig http://www.leftlanenews.com/porsche-posts-6-5b-loss.html#comment-500365 The Stig Mon, 16 Nov 2009 16:47:15 +0000 http://www.leftlanenews.com/?p=22639#comment-500365 For a smaller outfit like Porsche that's a monumental hole. For a smaller outfit like Porsche that’s a monumental hole.

]]> By: shaver http://www.leftlanenews.com/porsche-posts-6-5b-loss.html#comment-500325 shaver Mon, 16 Nov 2009 15:27:15 +0000 http://www.leftlanenews.com/?p=22639#comment-500325 Least of their problems at this point. They are losing control of the companies direction and future to VW. Least of their problems at this point. They are losing control of the companies direction and future to VW.

]]> By: n2k http://www.leftlanenews.com/porsche-posts-6-5b-loss.html#comment-500317 n2k Mon, 16 Nov 2009 14:16:03 +0000 http://www.leftlanenews.com/?p=22639#comment-500317 A4: Traditionally exotic car manufacturers are margin based businesses as opposed to volume. Manufacturers sell extreme styling and performance but charge a high premium. Porsche's business model is based around a balance of volume, healthy profit margins (thanks to drastic cost cutting measures and component sharing): combine this with a favorable brand perception, a strong, worldwide client & service network and its not hard too see why they’re at the top of their game. A4: Traditionally exotic car manufacturers are margin based businesses as opposed to volume. Manufacturers sell extreme styling and performance but charge a high premium. Porsche’s business model is based around a balance of volume, healthy profit margins (thanks to drastic cost cutting measures and component sharing): combine this with a favorable brand perception, a strong, worldwide client & service network and its not hard too see why they’re at the top of their game.

]]> By: scratchy http://www.leftlanenews.com/porsche-posts-6-5b-loss.html#comment-500279 scratchy Sun, 15 Nov 2009 23:14:12 +0000 http://www.leftlanenews.com/?p=22639#comment-500279 @ leftwingagenda hedge fund (mis)adventures. @ leftwingagenda hedge fund (mis)adventures.

]]> By: Four_Rings http://www.leftlanenews.com/porsche-posts-6-5b-loss.html#comment-500259 Four_Rings Sun, 15 Nov 2009 19:28:54 +0000 http://www.leftlanenews.com/?p=22639#comment-500259 Give it a year...Porsche will claim it's rightful place once again. Give it a year…Porsche will claim it’s rightful place once again.

]]> By: Rafa LL http://www.leftlanenews.com/porsche-posts-6-5b-loss.html#comment-500249 Rafa LL Sun, 15 Nov 2009 18:42:55 +0000 http://www.leftlanenews.com/?p=22639#comment-500249 I still like the idea of Porsche over VW, but hate VW owning Porsche. I still like the idea of Porsche over VW, but hate VW owning Porsche.

]]> By: livelyjay http://www.leftlanenews.com/porsche-posts-6-5b-loss.html#comment-500229 livelyjay Sun, 15 Nov 2009 15:12:18 +0000 http://www.leftlanenews.com/?p=22639#comment-500229 They spent A LOT of money on the attempt to acquire VW and WAY TOO MUCH money developing the ugly as hell Panamera. They spent A LOT of money on the attempt to acquire VW and WAY TOO MUCH money developing the ugly as hell Panamera.

]]> By: A4 http://www.leftlanenews.com/porsche-posts-6-5b-loss.html#comment-500215 A4 Sun, 15 Nov 2009 07:43:52 +0000 http://www.leftlanenews.com/?p=22639#comment-500215 i didn't know Porsche even made enough cars to lose $6.5B. i didn’t know Porsche even made enough cars to lose $6.5B.

]]> By: leftwingagenda http://www.leftlanenews.com/porsche-posts-6-5b-loss.html#comment-500164 leftwingagenda Sat, 14 Nov 2009 19:32:46 +0000 http://www.leftlanenews.com/?p=22639#comment-500164 that's the thing scratchy...they borrowed billions, the merger didn't go through, so where did the billions go? how did they end up so deep in the hole? did lawyers cost 6.5 billion? something doesn't make sense to me here ;P that’s the thing scratchy…they borrowed billions, the merger didn’t go through, so where did the billions go? how did they end up so deep in the hole? did lawyers cost 6.5 billion? something doesn’t make sense to me here ;P

]]> By: scratchy http://www.leftlanenews.com/porsche-posts-6-5b-loss.html#comment-500117 scratchy Sat, 14 Nov 2009 09:45:40 +0000 http://www.leftlanenews.com/?p=22639#comment-500117 @jayjc08 , the borrowed a lot of cash to buy VW just before the crisis hit and now they have to pay that money back. @jayjc08 , the borrowed a lot of cash to buy VW just before the crisis hit and now they have to pay that money back.

]]> By: cocojoe53 http://www.leftlanenews.com/porsche-posts-6-5b-loss.html#comment-500106 cocojoe53 Sat, 14 Nov 2009 06:55:26 +0000 http://www.leftlanenews.com/?p=22639#comment-500106 They played "All In" with their bold takeover attempt of VW, and lost. Just to think it was all fueled by profits from a rebadged VW product. They played “All In” with their bold takeover attempt of VW, and lost. Just to think it was all fueled by profits from a rebadged VW product.

]]> By: Borat http://www.leftlanenews.com/porsche-posts-6-5b-loss.html#comment-500077 Borat Sat, 14 Nov 2009 02:34:23 +0000 http://www.leftlanenews.com/?p=22639#comment-500077 With all the profits from being Number 1 car manufacturer VW does need a tax relief. With all the profits from being Number 1 car manufacturer VW does need a tax relief.

]]> By: johnnycanuck http://www.leftlanenews.com/porsche-posts-6-5b-loss.html#comment-500049 johnnycanuck Fri, 13 Nov 2009 23:56:06 +0000 http://www.leftlanenews.com/?p=22639#comment-500049 Porsche is a perfect candidate for a bailout since most of them look like bathtubs to begin with. Porsche is a perfect candidate for a bailout since most of them look like bathtubs to begin with.

]]> By: Smegley Wanxalot http://www.leftlanenews.com/porsche-posts-6-5b-loss.html#comment-500044 Smegley Wanxalot Fri, 13 Nov 2009 23:43:35 +0000 http://www.leftlanenews.com/?p=22639#comment-500044 I think the US taxpayer needs to bail out poor Porsche I think the US taxpayer needs to bail out poor Porsche

]]> By: reedfast http://www.leftlanenews.com/porsche-posts-6-5b-loss.html#comment-500026 reedfast Fri, 13 Nov 2009 23:06:56 +0000 http://www.leftlanenews.com/?p=22639#comment-500026 ^they tried to buy VW. thats not cheap ^they tried to buy VW. thats not cheap

]]> By: jayjc08 http://www.leftlanenews.com/porsche-posts-6-5b-loss.html#comment-500020 jayjc08 Fri, 13 Nov 2009 23:01:16 +0000 http://www.leftlanenews.com/?p=22639#comment-500020 WHOA. Didn't see this one coming! Understanding the economy isn't that good, I expected Porsche to do so-so in terms of sales... but why the huge loss? I don't understand... WHOA. Didn’t see this one coming! Understanding the economy isn’t that good, I expected Porsche to do so-so in terms of sales… but why the huge loss? I don’t understand…

]]> By: idrinorbarsaku http://www.leftlanenews.com/porsche-posts-6-5b-loss.html#comment-500019 idrinorbarsaku Fri, 13 Nov 2009 23:00:59 +0000 http://www.leftlanenews.com/?p=22639#comment-500019 To me, it looks like VW just b!tch slapped them down! They got put in the right place! To me, it looks like VW just b!tch slapped them down! They got put in the right place!

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