German Carmaker Narrowly Averts Bankruptcy

[emayer]

Unfortunately the situation is even worse and the tables may very likely turn on Porsche.  VW walked away from the table late last week in respect to a merger.  There is a real chance VW may take over Porsche altogether.  Remember there is bad blood in respect to how Porsche (Wiedeking) handled the takeover attempt.  His head is on the line.  Too bad.  He really turned the company around and is going to get burned now for reaching too far.

There are some behind the scenes discussions ongoing with Mercedes which is in (relatively) sound financial shape.  They've collaborated before when Porsche was in trouble....