A sad, sad day

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Hedge
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Re: A sad, sad day

Post by Hedge » Fri Jul 24, 2009 11:19 am

Do you think? Interesting.
So, John, how do you feel about a car as utterly magnificent as the Murcielago SV then? Do you really think it would have ever existed without Audi's backing?
I can see that from a nostagic angle it's a sad day, but otherwise I see a lot of positives to it....

In my humble, and all that.
Cheers, Hedge

NathanE

Re: A sad, sad day

Post by NathanE » Fri Jul 24, 2009 12:40 pm

shame for the comany true but Wiedeking tried to be too clever by half embarking on a massive ego trip fuelled by top of the market banking excess.  He got what he deserved (and $50m more that he didn't). 

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Bruce Fielding
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Re: A sad, sad day

Post by Bruce Fielding » Fri Jul 24, 2009 2:41 pm

[quote="Mr.Toad"]
shame for the comany true but Wiedeking tried to be too clever by half embarking on a massive ego trip fuelled by top of the market banking excess.  He got what he deserved (and $50m more that he didn't). 
[/quote]

But he's giving â?¬21m of that to good causes...
Ariel Atom Owners Club founder, based in Central London

John Lloyd

Re: A sad, sad day

Post by John Lloyd » Fri Jul 24, 2009 2:47 pm

[quote="Bruce Fielding"]
[quote="Mr.Toad"]
shame for the comany true but Wiedeking tried to be too clever by half embarking on a massive ego trip fuelled by top of the market banking excess.  He got what he deserved (and $50m more that he didn't). 
[/quote]

But he's giving â?¬21m of that to good causes...
[/quote]

Did you mean to leave the Smiley off.

It's business, nice to see the Germans struggling like the rest of us.

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jpswift
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Re: A sad, sad day

Post by jpswift » Fri Jul 24, 2009 2:56 pm

blimey

it only seems like 5 minutes ago that porsche were ridiculously minted, were going to turn into a bank etc  having hedged the vw shares so well

how the mighty have fallen!

lovely motors though...........just be grateful its vw and not kia\tata\ssang yong ping pong etc

justin
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jon b

Re: A sad, sad day

Post by jon b » Fri Jul 24, 2009 3:08 pm

[quote="Hedge"]
Do you think? Interesting.
So, John, how do you feel about a car as utterly magnificent as the Murcielago SV then? Do you really think it would have ever existed without Audi's backing?
I can see that from a nostagic angle it's a sad day, but otherwise I see a lot of positives to it....

In my humble, and all that.
Cheers, Hedge
[/quote]

Theres no doubt Lambo have done very well from VAG but lets be honest they were a big of sh1t so could only get better.  Porsche have no peers when it comes to quality, driver dynamics and heritage imo

Personally, I always think its a sad, sad day when a (relatively) small, specialist marque is swallowed up by a monopolised giant.  Often inevitable, rarely a good thing in the longer term

As to Weeeeeideking, he did some incredible things with Porsche in his first few years, making them the most profitable car company in the world but has certainly lost the plot recently with an expanding but ugly chassis line and a bodged VW buyout

NathanE

Re: A sad, sad day

Post by NathanE » Fri Jul 24, 2009 3:12 pm

hubris  :(

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Bruce Fielding
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Re: A sad, sad day

Post by Bruce Fielding » Fri Jul 24, 2009 4:26 pm

[quote="John Lloyd"]
[quote="Bruce Fielding"]
But he's giving â?¬21m of that to good causes...
[/quote]

Did you mean to leave the Smiley off.



[/quote]

No...

Mr Wiedeking, who faced criticism for earnings topping â?¬80m last year, said he will give half his â?¬50m compensation to charity.

See here
Ariel Atom Owners Club founder, based in Central London

WorkingOnIt

Re: A sad, sad day

Post by WorkingOnIt » Fri Jul 24, 2009 4:38 pm

[quote="Bruce Fielding"]
[quote="John Lloyd"]
[quote="Bruce Fielding"]
But he's giving €21m of that to good causes...
[/quote]

Did you mean to leave the Smiley off.

[/quote]

No...

Mr Wiedeking, who faced criticism for earnings topping €80m last year, said he will give half his €50m compensation to charity.

See here

[/quote]

And more specifically, from the Times  article.
"Yesterday he announced that he would earmark half his payoff â?? the highest in German corporate history â?? to set up a foundation to help retired and disabled Porsche workers."

bolus

Re: A sad, sad day

Post by bolus » Fri Jul 24, 2009 5:42 pm

Porsche?  you mean the Minivan company? 

Steve

Re: A sad, sad day

Post by Steve » Sat Jul 25, 2009 9:45 pm

Serves them right big time.Windyking, Piech and the lot of them have been taking the piss big time, for a long time. Can't believe he's getting such a big pay off either. Bet the firm on a big financial bet that went wrong, then manages to walk off with a fortune. Fred Goodwin eat your heart out.

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