Anyone have any info on the huge losses at Porsche?

http://www.earthtimes.org/articles/s...olkswagen.html

 

You mean Volkswagens losses? This was a poor tactical business decision brought about essentially by a CEO pissing match.
-Getz

 

Same stuff from before, has nothing to do with sales, and everything to do with bad business decisions. The failed VW takeover will haunt them for a long time. And the article states that VW added their own losses to Porsche as well (probably some payback in there) so this is hardly anything to fuss over.

 

its due to the massive amount of debt it took out to try to buy Volkswagen and when it failed it had to take a huge loss....also it doesnt help that sales are off 25%ish....each car is still very profitable (see red seatbelts if you wonder why) they are just selling fewer. vw has very deep pockets so im sure all will be just fine

 

Very old news. To understand it:
http://news.bbc.co.uk/2/hi/business/8317010.stm

 

Thanks for info....Geo.