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Tag Archives: Porsche SE

Overnight Market News – November 24, 2010

24-Nov-10

Standard & Poor’s Financial Services LLC Lowers Ireland’s Long-Term Debt Rating to A from AA- and its Short-Term Grade to A-1 from A-1+ With Negative Outlook as the Government Prepares to Unveil a Four-Year Deficit Reduction Plan The Rivalry Between Bayerische Motoren Werke AG (BMW), Mercedes-Benz and Volkswagen AG’s Audi Expands to Include a Holiday [...]

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Overnight Market News – March 17, 2010

17-Mar-10

Bank of England Policy Makers Unanimously Vote to Keep their GBP 200B Bond Repurchase Programme on Hold in March Japan Central Bank Doubles the Amount of Short-Term Loans it Offers Banks to JPY 20T or USD 220B The World Bank Raises its 2010 Economic Growth Forecast for China to 9.5% from 9% Citing Strong Growth [...]

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Overnight Market News – July 6, 2009

06-Jul-09

General Motors Corp Wins Approval to Sell Profitable Assets to New, Government-Backed Company India to Borrow Record USD 93B to Finance Budget Porsche SE Cut to “Sell” from “Neutral” by UBS AG on Rising Debt, Increasing Possibility that it Will Sell its 20% Holding in Volkswagen AG China Launches Experimental Plan to Allow Trade to [...]

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Porsche Reports Drop In Sales

20-Jun-09

Luxury car maker, Porsche SE, is not looking as good as its cars right now, posting a 27.6% drop in sales, down to 53,635 cars in the nine months through to April 30, 2009. Porsche is also burdened by its high refinancing costs from Porsche’s EUR 9B purchase of over 50% of Volkswagen’s shares earlier [...]

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