Porsche in trouble
The latest car company to be possibly facing bankruptcy is actually Porsche. Which is a big surprise. Seems that its massive bid to take over VW has been too costly, even with the nice little moves they pulled as hedge-fund Porsche made billions on a short squeeze and some options.
Turns out the 'little' company (they make less than 100,000 cars a year, though for years they were the worlds most profitable car company), now has over $12billion in debt, and almost went bankrupt in March.
Special deal on a Cayman anyone?
(and just for clarification, this is a Cayman:)
not one of these, the awful-because it is something that should not exist-Cayenne:
Turns out the 'little' company (they make less than 100,000 cars a year, though for years they were the worlds most profitable car company), now has over $12billion in debt, and almost went bankrupt in March.
Special deal on a Cayman anyone?
(and just for clarification, this is a Cayman:)
not one of these, the awful-because it is something that should not exist-Cayenne:
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