Arrogance Or Just The Truth? Porsche Slams The Industry As Being Irresponsible

If they can, then they should... if they can brag about it, then they really should. obviously, management is doing something right!!!

— ThierryHenry14 (View Profile)

Posted on 10/16/2008 4:40:54 PM | reply to this comment | Votes: 10   

I still don't get why people don't realize, them trying to be conservative with their money is what is destroying our economy.

— adamsaf723 (View Profile)

Posted on 10/16/2008 5:01:46 PM | reply to this comment | Votes: -1   

When you can't get a loan and your investsments go into the crapper it's real hard to want to spend a lot of money. Bottom line banks are just going to have to
start easing up on credit and start lending and lending NOW! That's what's destroying our economy!

— mini22 (View Profile)

Posted on 10/16/2008 5:15:29 PM | reply to this comment | Votes: 0   

Perhaps then Porsche should by Chrysler once their finished with buying up VW.

— mini22 (View Profile)

Posted on 10/16/2008 5:17:07 PM | reply to this comment | Votes: 13   

The truth .

— abcd (View Profile)

Posted on 10/16/2008 5:30:39 PM | reply to this comment | Votes: 3   

Truth. Porsche hasn't diluted their brand with low profit models and eaten away revenue by giving their cars away.



As for the credit crisis, you can do nothing and the economy will correct itself within 2 years. Mark my words, within 2 years when the economy fully recovers, Obama will be called a genius for doing nothing but smiling and perhaps learning how to play the saxophone. Then naturally demand for oil will go up, then oil prices will go up, and the next President will get blamed for not controlling oil prices.
It's Bubba Clinton all over again, I'll bet China and Russia are already drafting a list of demands for Obama whom they know, as a Democrat, is more concerned about being popular than anything else. Atleast America can claim they have a cool President, weak, but cool.

— huu76 (View Profile)

Posted on 10/16/2008 6:46:35 PM | reply to this comment | Votes: -4   

that is good news for porsche, however 10 years pre-boxer days, they were near broke. VW was damn near broke 2 years ago.

— Larry (View Profile)

Posted on 10/16/2008 7:30:01 PM | reply to this comment | Votes: 0   

Porsche was saved from extinction thanks to adopting Japanese style “lean” manufacturing. A group of ex-Toyota consultants are directly responsible for the existence of Porsche today. At the time, Toyota didn’t have a problem with these guys showing Porsche the ropes because they felt that Porsche wasn’t a threat due to it’s niche’ market. Well, things have changed since then. Porsche now owns VW and stands to become another car company. It’s was easier for Porsche to gain massive profits because of it’s specialized vertical market with almost no competitors (with the exception of a couple of Italian makes). There are too many wealthy people in the world that buy Cayenne’s and 911’s with tiptronic. We’ll see how they do now that they own a bigger stake in VW. Watch out world, a front wheel drive Porsche maybe coming soon to a dealer near you. Ughh.

— E36er (View Profile)

Posted on 10/16/2008 8:49:37 PM | reply to this comment | Votes: -3   

Porsche's success is to be lauded. Hats off to them.

However, Porsche is a master of "niche marketing". The brand doesn't have quite as much cachet as Ferrari, Lamborghini, or Aston Martin, but their cars offer comparable performance at a lower price, and are as comfortable picking up groceries and drycleaning as they are on a racetrack. Some astute gearhead described Porsche as the "supercar you can drive every day". Jaguar SHOULD be in the same enviable position as Porsche but is not, further testament to Porsche's business savvy.

Now Porsche faces three new, lower-priced serious competitors -the Corvette Z06 & ZR1, the Audi R8, and the Nissan GT-R. It will be interesting to see how well Porsche fends off these challengers.

— Audiphile (View Profile)

Posted on 10/16/2008 10:29:38 PM | reply to this comment | Votes: 4   

1995,
Diplomacy (aka Clinton) sponsored China's ascension into the WTO, thereby making it even easier to ship jobs overseas but shhhh, don't remind the Democrats that.

Diplomacy fixed Kosovo, it had nothing to do with bombing them into submission to stop genocide.

The dotcom bubble was allowed to develop and burst during the mid-late 90s when the Democrats were in power.

The Democrats (including Biden) and Republicans in 1999 rescinded "Glass-Steagall" which prevented Commercial/Investment banks from owning/lending to one another. McCain didn't vote, 1 guy voted against it, everyone else voted to remove it and look where the US is today.

The Republican congress had to deal with 9/11 and the added costs. Over the last 2 years, the Democratic congress did nothing to stop big bad Bush eventhough they owned the House and Senate.

Dipomacy is for pussies, look at Neville Chamberlain and pretty much all of Europe. In fact, 10 years of diplomacy failed in Iraq, it didn't help Rwanda, Darfur or Georgia. In fact, Diplomacy turned out to be quite corrupt (remember the Oil for Food program?)

As for Porsche, they aren't typical arrogant Europeans, they actually accept the fact they're not the best at everything and adopt what helps them. The 3 stooges could learn a few things from Porsche.

— huu76 (View Profile)

Posted on 10/17/2008 12:21:12 AM | reply to this comment | Votes: -2   

TRUTH!

— woood (View Profile)

Posted on 10/17/2008 12:26:59 AM | reply to this comment | Votes: 1   

If you can't afford it, don't buy it.

— woood (View Profile)

Posted on 10/17/2008 12:27:35 AM | reply to this comment | Votes: 4   

In 2004, the GS(Goldman Sachs)chairman along with other investment bank personnel approached the SEC to ease on investment banking regulation. Although concerned, the SEC allowed it.

It's called Leverage. For every $1 that a commercial bank has, it can lend out $12. The investment banking community asked and received a $40 to 1 leverage.
By the way, Freddie and Fannie? $50 TO 1, $50!!

The Chairman of GS back then is our current Treasury Secretary, Paulson...

In France, to get a mortgage loan, you need:
1 - Pass a physical
2 - Get life insurance
3 - Have a rock solid job with history there.

That might be a bit extreme, but not french bank has asked or received a government bailout.

Food for thought...

— DeeDogg (View Profile)

Posted on 10/17/2008 7:33:40 AM | reply to this comment | Votes: 1   

Porsche is right! Obama will win! The world not just Americas economy is screwed mostly due to poor credit decisions (derivatives & deregulation) and its not going to change with a 1st term president (even if its McCain).
Speakin of politics. Its funny how people are calling Obama a terrorist and a socialist when Bush is in the process of nationalizing banks and giving control of the money to a middle eastern banker...Neel Kashkari.
I find it hilarious that since an oilman went into office gas prices damn near tripled, the economy has flatered and we've been in two wars that we are losing. And you people want 8 more years of republican rule. Yes I know the dems have been in congress for the last two but what about the 6 before that?????
T

— TauronB2G (View Profile)

Posted on 10/17/2008 8:16:24 AM | reply to this comment | Votes: 3   

Honestly I dont give a fart what Porsche thinks about America. They dont sell enough cars here for me to car.

— NItePhire (View Profile)

Posted on 10/17/2008 9:28:44 AM | reply to this comment | Votes: -4   

Hey waterboy, what has Bush done for the US that's so much better than Clinton, other than burn trillions of dollars?
Bush is the cause of the end of American dominance.
Remember this day when oil starts trading in euros and US dollars.
What can the US produce nowadays, other than burgers, porn and bombs. Your a military nation, that's it that's all. And just like everyother superpower before the collapse is closely approaching.

— zorbeeze (View Profile)

Posted on 10/19/2008 3:17:01 PM | reply to this comment | Votes: 1   

Sailor,
Try visiting Alberta and see how they feel about Americans and Europeans. Vancouver is filled with hippie potheads who think Che Guevara was a swell guy who only wanted to be friends, not just murder people.

China's perceived power is built on cheap goods. If America doesn't buy, who will? 1.3 trilliion isn't that much money when you factor that the US makes up approx $300 billion of China's trade surplus.

China's Aug08 surplus was 28 billion, the US deficit with China was 25 billion.
If you look at earlier in the year, if not for the US, China's trade balance would be deep in deficit.
http://www.tradingeconomics.com/Economics/Balance-of-Trade.aspx?Symbol=CNY
http://www.census.gov/foreign-trade/balance/c5700.html#2008

As to why Canada's doing so great, because we're smarter than a bunch of pompous has-beens. We have universal healthcare, we have oil, we have some of the best schools in the world and we know how to save money. On top of that, compare the national debt of those welfare states behind us and I'll bet per capita its much higher than ours, and our tax rates are lower. And guess what, our school system is ranked as high or higher than most of Europe's and we're ranked by the useless UN consistently in the top 3 best places to live.

2002, we were 4th in education.
http://www.cbsnews.com/stories/2002/11/26/world/main530872.shtml
2004, we're 3rd.
http://news.bbc.co.uk/1/hi/education/4073753.stm
http://noguidinglight.blogspot.com/2007/11/pisa-2006-rankings.html

The new Iraq/US troop agreement has them out by 2011 so America doesn't need the candidate of hype to high-tail it out before the end of 2009.

zorbreeze,
2.5million extra barrels of oil on the world market. When a hurricane causes oil to jump $5/barrel, imagine if you can, what happens if 2.5 million barrels a day suddenly disappeared (or was syphoned off to one of Bubba Clintons pals in China).

The sun will only set on America if half-baked hippie college students remember to vote and elect President Jesus and Vice-President MBNA. They're too stupid to realize that policies take 3 to 5 years to go fully into effect, so Bush's policies won't be seen until the end of the next term in which Obama will take all teh credit, just like Clinton cashed in on the Reagan/Bush work from the 80s (Bush Sr. had the crap luck of hitting a bump and running against a pretty boy).

— huu76 (View Profile)

Posted on 10/19/2008 7:17:07 PM | reply to this comment | Votes: 1   

That's $300 billion in trade surplus per year.

— huu76 (View Profile)

Posted on 10/19/2008 7:17:55 PM | reply to this comment | Votes: 1   

zorbreeze,
The US still makes and breaks Europe, I'm sure you remember hence the envy and disdain.

The US stopped you guys from having to learn Russian 50 years ago, they'll have to do it again if Obama wins/once he gets kicked out for ineptitude because Putin is a helluva lot craftier than a speech maker.
who's existence is based on "I got it bad because I'm black!"

Its ironic that the guy who should've been the first black President is endorsing some flavour of the month politician riding a wave of marijuana smoke.

— huu76 (View Profile)

Posted on 10/19/2008 7:23:35 PM | reply to this comment | Votes: 0   

Can't wait to see what happens when/if Jesus Obama tries to renegotiate NAFTA and realizes that it gives the US unfettered access to our oil and fresh water.

Just the first in a long line of broken promises to come.

Who knows, maybe a miracle will happen and being "white" won't be uncool on Nov.4th

— huu76 (View Profile)

Posted on 10/19/2008 7:26:54 PM | reply to this comment | Votes: 1