Saturday, November 8, 2008

Porsche Financial Engineering

As a Porsche owner I am convinced of the quality of Porsche's engineering. But now we have more details about Porsche's financial engineering. Apparently, Porsche was able to engineer a short squeeze on VW shares as it moved to become the majority owner of the firm. The squeeze briefly made VW the most valuable company on earth, and it made Porsche, already the most profitable of auto companies a huge return.

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