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Registered
Join Date: Jan 2002
Location: Long Beach CA, the sewer by the sea.
Posts: 38,248
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There is a lot here in the archives, but whether it's accurate is something you will have to sort out. PM Kaisen, he knows this as well as anyone and won't screw up the facts.
Short version, Porsche sold bonds or otherwise pledged a giant amount of money for VW. The market didn't support the purchase, the funds were called and VW turned the tables. The deal is still not completely formalized.
If you follow that theme, it should all eventually make sense .
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