Was it so profitable? Was any of that stuff true? Wasn't most of it from hedging strategies?
When I last gave a hoot about the finances/future of Porsche they had orchestrated a screwing of hedge funds in the DAX to the tune of $7 billion, next thing I know they are bankrupt looking to the mid-east for a white knight.
Look at the difference lately, Ferrari comes out with car praised by everyone from the start and Porsche comes out with a butt ugly turkey.
A much better model for manufacturing and model line-up is BMW.
Porsche gets cut a lot of slack for its stumbles and it is only because of some romantic notion of what it used to be in the 70's and 80's.
Even many of the owners of the cayenne here readily admit it is no beauty. They were very late to the game with it.
What do they have for the future?
If you look at their line-up without emotion you see some nice 911's (gt2 + GT3) and sales down 50% and every other manufacturer passing them by in sales and tech.
They don't even have paddles yet.
No GT, No true entry level, No racing program (compare to 80's), and now no money.
What was the point of buying a struggling VW anyway? even if it happened