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fezza575m

The world is in Crisis with the recent stockmarket meltdown....so what does Porsche decide to do

'vee vill extend our share in zee volksvagon AG to more zan 70%'

Not bad for a company that around 10 years ago was about to go bust!

Porsche is a Powerhouse!!

check out this article
http://www.reuters.com/article/americasDealsNews/idUSTRE49R3I920081029

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Red 1977 Porsche 924 CGT...THE MORPH IS COMPLETE

924guy · Posted: Thu Oct 30, 2008 1:19 pm Post subject:

see? we go from Porsche having VW parts to VW having Porsche parts...

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Eric
78 924
82 931 SE "smokey"
99' VehiCross
Y2K Honda Insight
http://www.cardomain.com/id/924Guy
Performance by Pasha

Splineless · Joined: 01 Apr 2008 Posts: 86 Location: New England

It looks like Porsche was doing some stuff in the background as well - briefly VW was the largest company in the world based on a market cap. of $370 billion.

Hedge funds lost almost $30 billion due to Porsche's announcement - only 5% of VW stock is not owned by The State of Lower Saxony and the Porsche family.

A few people were pissed off, I suppose.
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Porsche 924 - 1978 Metallic copper over brown, changing to black. Custom black and brown leather seat covers.
Weissach-style wheels, 200 lb. coils, thicker roll bars, but bog stock engine. (It's on my list.)

Peter_in_AU · Joined: 29 Jul 2001 Posts: 2743 Location: Sydney, Australia

Porsche's buying stock, Warren Buffett is buying stock now all we need is for everyone else to follow their lead and get the stock markets moving in the right direction.
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1979 924 (Gone to a better place)
1974 Lotus 7 S4 "Big Valve" Twin-cam (waiting)
1982 924 (As featured on Wikipedia)

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