Porsche situation bleaker than originally thought – Media sources are reporting that Porsche was actually closer to $20 billion in debt, about $7 billion more than Porsche had been reporting. Focus reported that Porsche would have been insolvent in less than 2 weeks if VW hadn’t blazed on through with it’s takover deal. Guess that’s what we call a G&L. [Via DW-World.de]
Porsche 911 Hybrid in the works? – The short answer is of course, “Ja!” Some spy shots even showed up at MotorTrend.com this last week (you can see them if you click the Via link). It always amazes me how good magazines and sites are at determining significance in the spy shots they come across. This one has a buldge on it’s front trunk lid along with an electric flash sticker. Be kind of cool to be rolling around in an eco friendly luxury sports car. [Via MotorTrend.com]
31 Porsche Panameras get first class treatment – I love flying first class. The free drinks, real silverware, decent food, and personal attention. I would expect nothing less from Porsche when flying it’s vehicles around the globe. In this case, the Panamera was the recipient. Porsche loaded 31 of their beauties onto a 747 for the flight to the Pebble Beach Concours and their North American unveiling. It’s amazing to me that 31 Panameras actually fit in a 747. [Via Examiner.com]
Thoughts on Porsche’s mystique being able to survive the epic takeover – We’ve all read more than our fair share of news, reports and general blather about the Porsche-VW saga. I came across an article on TimesOnline.co.uk that I found kind of interesting and put into words what I’d been wondering for a while now. Here’s a little clip for you:
Incestuous couplings, blood feuds, betrayals, ambition, hubris, suicide by fire, collision of egos, power struggles, revenge, retribution, tragedy, defeat, reconciliation of opposites, symbols of sex and power. Is this Wagner’s Ring Cycle? No, it is Volkswagen’s epic Takeover of Porsche Cycle.