Comments on: Porsche seeks US$4.37 billion loan

By: Insurance Answers

Insurance Answers — Mon, 21 Jun 2010 11:45:29 +0000

The above thought is smart and doesn’t require any further addition. It’s perfect thought from my side.
Insurance Answers
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kathy

By: Realcars

Realcars — Fri, 05 Jun 2009 09:31:54 +0000

Simple just charge more dumbcoff

Geez the 911 or whatever it’s called at the moment can’t owe them much.

By: Carz

Carz — Thu, 04 Jun 2009 09:48:22 +0000

I thought too Porsche is a very rich company. There’s nothing wrong with borrowing money, as long as they pay.

Porsche still makes great looking cars even if they are lacking money this days.

By: charles

charles — Thu, 04 Jun 2009 08:00:19 +0000

Another GM sell off, doubt it, considering Porshe is asking VW for a loan I`m pretty sure VAG are fine

By: Tom

Tom — Thu, 04 Jun 2009 02:27:19 +0000

Mick, no that won’t happen. Porsche and VW are currently separate, their only link is those 51% of VW shares that Porsche owns. Which was bought with the loans that are now responsible for Porsches debt load. If Porsche wants to significantly reduce its debt, it would just sell its shares and VW would court new investors.

End of the day Porsche is profitable, but debt laden. I do think it was a mistake for Porsche to try and take over VW, particularly the rapid fire way they went about it. The financial crisis didn’t help, but if you are going to take over a company many times your size, do it at a sustainable rate.

By: nobody

nobody — Thu, 04 Jun 2009 01:33:26 +0000

It was a very ambitious move on Porsche behalf to take over VW. They were gonna up their stake over 70% of VW but the whole financial crisis really hit hard. The whole buying VW shares might have been a good move if the whole economy situation didn’t happen. And even then it would’ve been a big risk.

By: Mick

Mick — Thu, 04 Jun 2009 00:24:53 +0000

So the Porsche parent company is struggling, what does it mean for the VW Group.
If Porsche own 51% of VW AG and the money is drying up at the top will it then stream down to Audi, Lamborghini, Skoda, Bugatti, Bentley etc?

Shall be interesting, we may see another GM style sell off.

By: Marcoz

Marcoz — Thu, 04 Jun 2009 00:15:25 +0000

2 days ago they said they will have 1 billion in profit now they want cash handout….
YOu make that panamera, you will need alot more cash handout as it is FUGLLYYYYYYYY….

By: RoFlmaTiC

RoFlmaTiC — Wed, 03 Jun 2009 23:38:27 +0000

I was under the impression that Porsche was one of the richest auto manufacturers. Guess I was wrong…

By: Devil666

Devil666 — Wed, 03 Jun 2009 17:16:45 +0000

Short answer: Yes, with a maybe.

Long answer: No, with a but.