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Subject:Re: Porsche up to 18.5 percent
From:Andrew Grebneff
Date:Tue, 11 Oct 2005 23:48:20 +1300

>The most interesting thing I have been watching for is the back room play
>(soap opera).
>
>Piech (current board prez at VW) is a Porsche family member and therefore
>stock holder.  The rest of the board says that Piech goes when Porsche picks
>its 2 seats on the board.  Porsche has stayed totally silent on the matter.
>They have not spoken against Piech but have disagreed with some of his
>policies.  They have not spoken out for him either. Do we have a possible
>family fight or squabble hidden somewhere?
>
>Either way another member of the old guard is gone last week and only two
>are left. Piech the biggest one with massive power and the lower state of
>saxony. The saxony people already Piech out anyway.  However Piech has the
>support of all the unions and a lot of the external political.
>
>Bernhardt has already appointed a team to visit NA for models to be built
>and has had unofficial discussions with Diamler on a new People Mover to be
>built in the US.  Porsche and VW are now working on a mini SUV to hit the US
>maybe as early as next year.  Barnhardt and the new VW crew over-road
>objections to both projects to get them going after enough of the old guard
>was removed earlier this year in the sex and politics and fraud scandel.

Porsche is planning a stationwagon now (as if the Cayenne isn't one).
What's next? A pickup? Backhoe?

And just lookit the rear-end of the Cayman... Jeremy Whatsis (BBC's
Top Gear program) had it right... what an abortion!
--
Andrew Grebneff
Dunedin
New Zealand
Fossil preparator
<andrew.grebneff@stonebow.otago.ac.nz>
Seashell, Macintosh, VW/Toyota van nut

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