Frayed Nerves: Is Porsche an automaker, or a hedge fund?

Feb 21, 2009 0 Replies

Some analysts are wondering if Porsche isn't running itself more like the Blackstone Group than a automaker. The option trades it used last year to take control of Volkswagen netted the German automaker ?6.8 billion. The business of selling cars netted Porsche just ?1 billion over the same period. And that's not all: Porsche made an additional ?392 million trading shares in other companies on the German exchange. This has industry watchers trying to figure out how Porsche is looking to make its ... Read More:

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