How Porsches are made: by hand Dec 15 2009
Here's the first part in a series of five videos from the 1960s that show how Porsches are made:
Here's the first part in a series of five videos from the 1960s that show how Porsches are made:
I'm mentioned the Porsche/VW financial incident briefly in October, but this is an excellent layman's explanation of what happened.
Porsche's move took three years of careful maneuvering. It was darkly brilliant, a wealth transfer ingeniously conceived like few we've ever seen. Betting the right way, Porsche roiled the financial markets and took the hedge funds for a fortune.
(via capn design)
Update: Not so fast there, Porsche. Bloomberg says that the company may not have the money necessary to exercise those options and realize $24.3 billion in profits.
Volkswagen was briefly the world's largest company in terms of market cap today.
Volkswagen briefly became the world's largest company by market capitalisation on Tuesday as panic-buying by hedge funds desperate to cover losses caused its value to shoot up by up to €150bn.
Porsche revealed that it owned 74% of VW instead of the previously assumed 35%...which caused panicked buying by hedge funds. (via mr)
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