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Fast bucks: how Porsche made billions

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Adsos Letter Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jan-22-09 05:00 AM
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Fast bucks: how Porsche made billions
Source: BBC/Europe

By Emily Hughes
BBC Money Programme

Porsche is world famous for its iconic sports cars.

But car manufacturing isn't the only thing the company is good at.

Last year it made six times as much on the stock market as it did making cars.

Industry insiders are only half joking when they call it a hedge fund with a carmaker attached.

Porsche says its stock market trades are only for one reason: to take it towards its long term goal, the takeover of car making giant, Volkswagen.

http://news.bbc.co.uk/2/hi/business/7843262.stm
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