Porsche offers U.S. dealers relief package

[Administrator]

https://europe.autonews.com/retail/porsche-offers-us-dealers-relief-package

 

[Reg]

That certainly sounds like a great program and it is good that it has happened so quickly.

 

[refazi]

Hopefully they will also offer competitive lease with market price MF... their money factor is usually crazy high,

 

[tnikolov]

That certainly sounds like Porsche AG is having serious troubles... :/

 

[GreggT]

That certainly sounds like Porsche AG is having serious troubles... :/

Not sure I'd say they are having 'serious problems' however I'm sure they are looking back at their market projections from 3 months ago and wishing they could turn back the clock. My sympathies because how can a company invest $5-7B in a new effort....and have adequate contingencies for 'this'.
On the other hand, other manufacturers would give their eye-teeth to have a deposit list like Porsche had before the 1st car was built.
Now in the board room they are probably plotting scenarios for loss of 8, 12, 15% of those.

 

[NYC Entrepreneur]

Waiting to see if they start offering more attractive lease deals.

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