Dave Leggett | 12 December 2005
Interesting mail from Neil Winton today about VW and Porsche. He's seen a note from JP Morgan suggesting that the real reasons behind VW buying a stake in Porsche are: (1) because the expensive Panamera is unaffordable without huge amounts of fresh capital; (2) the Cayenne project could totter because, in fact, VW is subsidising it; and (3) the Boxster's Finnish manufacturer Valmet might have to pull out which would mean VW could make it for Porsche. Neil's following up for just-auto.
Interesting to see, though, just how sharply Cayenne sales have fallen this year.
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