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Porsche acquiring/have acquired VW


Iceni
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In most other countries what Porsche did is illegal. In Germany it is not. Does that say anything about BaFin? An investor can have a holding + options on 74% of a company, 20% is non-trading stock, and this is not public knowledge! In France the public has a right to know who owns a company. In German it's a secret. Since this happened the DAX is down 21% as against the Footsie 13%, and the Dow 14%. Coincidence?, or have investors lost confidence in BaFin? I would also wonder if VW having a parent with such low Equity, relative to the size of the subsiduary, is a good thing. Certainly I would be wondering about VW's Cashflow and debt obligations, did they tried to tap up the ECB for loans to cover their auto-loans because no German bank would cover them? The market always wins in the end, and revenge is a dish best served cold, so let's wait a year or 2 and see what happens.

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  • 3 weeks later...
Not sure if this is on the same subject matter, but i recently read that Porsche make more money out of stock market trading than they do selling cars worldwide. One commentator called them a hedge fund that also sells cars, so dramatic is the shift from core business.
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VW have made a number of mind numbingly dumb choices in recent years. Investment in Lambo probably being the worst but the RR Bently debacle and Bugatti resurection running it close. However unlike any US car maker the auto unions medical benefits schemes do not have them totally in thrall. Reckon Toyota and VW will still be brands in 50 years time.
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