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Porsche Near Bankruptcy

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Old May 25, 2009 | 02:34 PM
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Porsche Near Bankruptcy

http://www.thetruthaboutcars.com/por...ical%E2%80%9D/
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Old May 25, 2009 | 02:38 PM
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There's been talk of a merger with VW, but talks broke off a week or two ago.
Edit: I guess it says that in the article.
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Old May 25, 2009 | 03:36 PM
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They're probably angling for a government handout... just like every other car company. Hey, it's free money.
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Old May 25, 2009 | 04:29 PM
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Unpossible. Porsche AG is the most profitable car maker by a long shot.
Yax is correct. Why not line-up for free money if you can?
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Old May 25, 2009 | 04:39 PM
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The VW merger was being pushed by the EU government - all car makers have to achieve a certain 'grams of CO2/kilometer' and Porsche is not going to be able to meet it.

A merger with VW, with all their economy models would satisfy the eurocrats, but who in the class can tell me the total amount of CO2 that this would save?

Correct, Little Johnny: not one single gram.......

S
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Old May 25, 2009 | 07:37 PM
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hey hey hey, we all know that life is all about the letter of the law!

lawyers tell us that all the time!
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Old May 25, 2009 | 08:06 PM
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Porsche needs a 2.3 billion euro loan from the German Government, and so far, the government has balked.
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Old May 25, 2009 | 08:54 PM
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From a common sense standpoint, Porsche is more or less a niche car company and 99% of the car buying population can't afford a single one of their vehicles. Why on earth would you bail them out? I don't want to see them go away and I'd love to have a Porsche if I could but based on pure economics and reality it would make no sense at all to me.

I don't even like the idea of a merger because now, at least by idiotic US standards, you have another company that is too big to fail. Not sure if European governments share that same attitude but if this keeps happening you are going to have nothing left but a bunch of huge companies run by corrupt and greedy people, just like GM and Chrysler and they will always know they can get away with anything they want because the gov't will always bail them out.

Last edited by 77mjd; May 25, 2009 at 08:59 PM.
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Old May 25, 2009 | 08:59 PM
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http://www.bloomberg.com/apps/news?p...d=aMBkiI5gvZnA

Porsche $24 Billion Options Profit in Peril as VW Fights Merger ...
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Old May 25, 2009 | 09:39 PM
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try not charging so much. they're nice, but c'mon.
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Old May 25, 2009 | 10:23 PM
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oh THATS WHY they were talking trash against Nissan when GT-R came out.

free advertising u know

Its just that the bitchin' made them look even worst thats all.

Now ppl know Porsche's car is not as good as it looked, and their drivers cant drive for ****.
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Old May 25, 2009 | 10:54 PM
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They went to the dark side officially when they started making SUVs.

IMO!!!
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Old May 26, 2009 | 12:26 AM
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which car company doesnt?
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Old May 26, 2009 | 01:00 AM
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Originally Posted by StealthTL
Correct, Little Johnny: not one single gram.......

S
Stealth, you know as well as I do with these people that it's all about their intentions and has nothing to do with results.

The point is they "tried" to save CO2 emissions. Demanding results is a capitalist thing and therefore isn't imporant.
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Old May 26, 2009 | 01:51 AM
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Originally Posted by kersh4w
which car company doesnt?
I know. Mercedes, BMW and many others.

But Porsche?

Who's next? Ferrari?

Some car companies lose their soul when they commit certain acts, and Porsche had such a pure sports car soul that the foray into the netherworld of SUVs and such just corrupted that soul.
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Old May 26, 2009 | 07:55 AM
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Didn't they try to be more effieciend by using Direct injection in all their cars?
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Old May 26, 2009 | 10:12 AM
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ferrari

lamborghini
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Old May 26, 2009 | 04:53 PM
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Originally Posted by kersh4w
ferrari

lamborghini
Wow. I feel terrible right now.

Not kidding.

Ferrari sold out, too.
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Old May 26, 2009 | 05:22 PM
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^ haha i was gonna say that. aston martin maybe??
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Old May 26, 2009 | 08:16 PM
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Originally Posted by exsequor
^ haha i was gonna say that. aston martin maybe??

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Old May 26, 2009 | 08:57 PM
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Damn you, Aston Martin!!!!

(shakes fist angrily)
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Old May 26, 2009 | 09:08 PM
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Lets see who has money and may be interested in buying them. Maybe Tata Motors? They, like Porsche, are big fans of rear mounted air-cooled engines.

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Old May 26, 2009 | 10:51 PM
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at least the ferrari suv looks nice. the lambo is just... ugh... my brother took pics of a yellow one on the road in italy.
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Old May 27, 2009 | 01:36 AM
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the ferrari suv lacks that, well, 'ferrariness' about it. It looks like a bone stock cayenne
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Old May 27, 2009 | 09:15 AM
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This thread has just broken through and entirely new dimension in weirdness. THIS ISN'T REALITY, I SAYS!
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