Is Porsche about to die?

[LeonOfTheDead]

Where was Manthey?

In Germany?

which isn't that far from Spa, but...I'm wondering if they can run ona different track other than the 'Ring

[henk4]

They have done a six hour race the weekend before last.....

[LeonOfTheDead]

They have done a six hour race the weekend before last.....

still at the 'Ring

[henk4]

still at the 'Ring

I posted it as an explanation why they did not go to Spa....but yes it was at the Ring. Already the sixth race of this year for them there. Four or five more to follow.

[Dino Scuderia]

Porsche offices invaded by investigators today looking for possible anti trust violations in the VW deal.

As a separate investigation...the 'short squeeze' on the stocks is being looked at.

"FRANKFURT (Dow Jones)--Luxury car maker Porsche Automobil Holding SE (PAH3.XE) Thursday confirmed that German prosecutors launched an investigation into two former top executives, among others, on market manipulation allegations linked to the failed takeover attempt by Porsche for car maker Volkswagen AG (VOW.XE).

Porsche denied the allegations. It said officials from the public prosecutor's office raided its business premises in the southern German city of Stuttgart, seizing numerous documents."

WSJ

[DesmoRob]

Sounds like things are pretty heated. How could a group of executive be so ill prepared for trying to buy majority stakes in another company. I mean, it should be pretty straight forward that when you bite off more than you can chew, it ends up leaking out of your mouth before you get a chance to swallow. Wouldn't have expected it from Porsche's leadership. They WERE doing well before.