Gm would not be a loss to the Automotive World: Porsche, now that would be a loss!
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Porsche has reportedly asked the German government for a $2.5 billion loan, adding to speculation that the automaker is in financial trouble.
Much of Porsche’s money problems stem from the company overextending itself in its failed bid to take over Volkswagen, a move that, if successful, would have added $10 billion to Porsche’s coffers. As a result of the unsuccessful attempt the automaker now has a $12 billion debt load.
Like any other automaker these days Porsche is struggling with decreased sales. Profits will likely be high enough to make interest payments on the company’s debt, but not enough to pay it off.
Then again, according to German magazine Der Spiegel Porsche apparently skirted bankruptcy in March for three days by securing a $978 billion loan from VW.
Porsche is also likely to see a spike in both sales and profits in the near future as the Panamera arrives in dealerships. Perhaps it will be the company’s savior, like the the Cayenne was back in 2002.
Car 1: 2009 Scion tC
Car 2: 1997 Integra x2 - R.I.P.
Car 3: 95 Talon TSI AWD - SOLD
My plan - we all make t-shirts! You know, like those "Save the Whales" ones people wore back in the day, except with a Carrera GT on the front! Who's with me???
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Originally Posted by rewsintegra
theres no such thing as vtec fluid noob.
Quote:
Originally Posted by TireMeltingRSX
Hell yeah, called Predators. And who directs it is a moot point, putting a predator in any movie automatically makes it awesome. Imagine how good The Notebook or Dirty Dancing could have been if there was a predator in them.
Car 1: 2009 Scion tC
Car 2: 1997 Integra x2 - R.I.P.
Car 3: 95 Talon TSI AWD - SOLD
In all seriousness, I think the Panamera will get them back on their feet, no problem. I can't see it NOT being a success.
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Quote:
Originally Posted by rewsintegra
theres no such thing as vtec fluid noob.
Quote:
Originally Posted by TireMeltingRSX
Hell yeah, called Predators. And who directs it is a moot point, putting a predator in any movie automatically makes it awesome. Imagine how good The Notebook or Dirty Dancing could have been if there was a predator in them.
Car 1: Nissan 250sx
Car 2: Lexus IS300 Sport Design
Car 3: 1963 Impala SS
Quote:
Originally Posted by Ska
My plan - we all make t-shirts! You know, like those "Save the Whales" ones people wore back in the day, except with a Carrera GT on the front! Who's with me???
Sorta like Jalopnik did with their 'Save the Enzos' campaign?
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Kissing hands and shaking babies.
Car 1: 2009 Scion tC
Car 2: 1997 Integra x2 - R.I.P.
Car 3: 95 Talon TSI AWD - SOLD
Quote:
Originally Posted by 250 Essex
Sorta like Jalopnik did with their 'Save the Enzos' campaign?
I forgot they did that, but yeah, pretty much.
__________________
Quote:
Originally Posted by rewsintegra
theres no such thing as vtec fluid noob.
Quote:
Originally Posted by TireMeltingRSX
Hell yeah, called Predators. And who directs it is a moot point, putting a predator in any movie automatically makes it awesome. Imagine how good The Notebook or Dirty Dancing could have been if there was a predator in them.
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Gm would not be a loss to the Automotive World: Porsche, now that would be a loss!
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