Friday, June 5, 2020
Banner Top
Porsche 911 Carrera Cabriolet

Porsche 911 Carrera Cabriolet

Although their cars are top notch and clients crave for a Porsche on their alley, the Germans may not be doing so well. Apparently the company is not going to buy Volkswagen afterall, but merge with them instead. Rumors have it that actually the Stuttgart-based sports car manufacturer has been so close to bankruptcy in March that VW had to send an “aiding” 700 million euro loan to keep them out of trouble. But that haven’t kept problems away and now Porsche is in need for another batch of 2.5 billion euro. Know why? Because they spent like madmans with the VW aquisition and now their registries revealed an astonishing 9 billion euros worth of debt …