Porsche SE Posts 4.4 Billion Euro Loss
Losses stem from its failed bid to takeover Volkswagen AG, Porsche's car division remains profitable
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Comments (10)
Hero Sina
Porsche deserves it , they were so high and thought they could buy the biggest car maker,how does it feel now Porsche?
November 13, 2009 2:28 pm
autoficianado
please Mr. Wiedeking you can now become the CEO of Mercedes Benz and work some of that magic there...porsche had to absorp an automaker than built alot of small cars to hit the new fuel ratings...I understand why you did it but a merger of equals would have been better... lol ... now ur just another VW brand
November 13, 2009 2:52 pm
9TNine
Porsche??? Or rather ONE man, a Wendelin Wiedeking?
That above loss also includes his rather extortionate EUR100m+ payoff(?), pension and other benefits. Plus probably development costs, not amortized, on all Porsche cars VW plan to cancel. Plus other crap on the balance sheet they don?t know what it relates to?
Meethinks it is in VW?s interest to have that loss as high as possible on acquisition, for tax purposes?
November 13, 2009 3:01 pm
Joe_Limon
I find it biased that their overall profits were compared per vehicle yet their loss is considered separate. Talk about seeing things with pink sunglasses on.
November 13, 2009 3:06 pm
popilirol
BMW has an increase in sales compared to October 2008 while Porsche has a deficit.
November 13, 2009 5:09 pm
Michael
I cannot see the relation between BMW and this article. Or between BMW and Porsche. Or you just want to share with us your joy as a BMW fan?
November 13, 2009 6:57 pm
carcrazy1234
im gonna get u.... im gonna get u.... immmmmmm gonnnaa get uu... ahhh damnit, now we've combined. darnit hahhaha
November 14, 2009 12:24 am
schefar
I hope they never ever try the same again. I love Porsche under VW.
November 14, 2009 11:10 pm
