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German Prosecutors Raid Porsche Headquarters
Heard this on NPR this AM - I guess it is technical but it could be easily moved:
Federal prosecutors in Germany raided Porsche's headquarters yesterday. They were searching for evidence that the luxury carmaker manipulated the market in its failed bid to acquire Volkswagen. It's the latest twist in the battle between the rival automakers who've been trying to gobble each other up. First, the smaller Porsche tried to take over the much larger Volkswagen and seemed on the verge of success. But Porsche was overloaded with debt and the deal collapsed. Then in a turnaround Volkswagen did the taking over. It plans to swallow up the nearly bankrupt Porsche, though the deal is not expected to be completed until 2011.
Scott
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72 911 T Targa in Orient Red / Black - more like a 85 Euro RS IROC now
- 85 Euro 3.2 with x-faktory EFI ITB + SSI + Dansk, 915 + Wevo, flares + IROC bumpers + duck tail, RS door panels, Corbeau LG1 microsuede seats, Speedware harness bar + drop links + Scroth DOT harnesses, adj Tarett sways, sport shocks, alloy trailing arms, Elephant Racing oil lines + spring plates + bushings, RSR Rota Foxes + Bridgestone S-04 PP, 2450 lbs
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08-21-2009, 11:23 AM
my targa
