Porsche debt problem.
Had no idea Porsche was in such dire straits back in March. Saw this over on PPBB...
http://www.spiegel.de/international/business/0,1518,626666,00.html Right down to the wire. |
The first think you learn in business school is the difference between cash flow and accounting profits.
Looks like these guys forgot about that. I have to say, I would LOVE to see Piech end up broke. He started all of this nonsense and he should pay dearly for his hubris. IMHO. :D |
You also have to play the "What If" game and plan for the worst while hoping for the best. What if the world economy tanks and debts come due?
How far down will our pants be? Hmmm. Pretty far in Porsche's case. :ah: |
They all forgot that you don't build a car company by trading leveraged stock options. You build a car company by building cars.
|
Quote:
I'll second this. |
Funny thing is, Porsche is doing better than all the other car companies.... so what does that tell us? We were lucky enough to only get the half retarded clowns running the show not the fully autistic ones. :D
I think the executives at Porsche think the company slogan applies to them "Porsche, there is no Substitute..." I think its about time they get replaced, and I believe they will because the Porsche family is not happy with the way things are being run. :rolleyes: Quote:
|
Quote:
Funny the difference a day makes. |
These rich guys like Piech can't get their ego out of the way of making cars.
It is time for him to retire for good before he ends up working for Angela Merkel. |
Quote:
Personally I was hoping for some revenge against VW for the screwing they gave Porsche with the 914-6's excessive cost. :matchup: |
I wonder if there are any similar discussions going on on GM boards or Chrysler boards.
Personally I don't care too much about Porsche's financial woes, they WILL not go out of business, and I don't have any Porsche stock. I just happen to drive one of their cars (which I will freely admit sometimes like more than my wife :D ) but that's about it. |
All times are GMT -8. The time now is 03:41 AM. |
Powered by vBulletin® Version 3.8.7
Copyright ©2000 - 2024, vBulletin Solutions, Inc.
Content Relevant URLs by vBSEO 3.6.0
Copyright 2024 Pelican Parts, LLC - Posts may be archived for display on the Pelican Parts Website