This whole thing is wierd.
Porsche is making a lot of money and is a takeover target. I agree it is important for them to be independent and not a part of GM. So they are buying Volkswagon stock to put the money somewhere, so GM can't get it.
This is causing the price of the VW stock to rise to unheard of levels due to short squeezes and potential market manipulation. Part of the reason is that not all of the VW stock is publically traded, some is owned by the German government. Right now it is selling for three times its actual worth down from six times its actual worth a week or so ago. This is all causing Porsche options to swing wildly too.
All I care about is whether any of this will affect them making my favorite cars. If they have so much money, I wish they would spend it making a top tier Le Mans car.
__________________
|