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12-09-2020, 04:45 PM | #1321 | |
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https://www.bmwblog.com/2020/12/09/b...gets-rendered/ ![]() ![]() ![]() My eyes! ![]() |
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12-09-2020, 05:10 PM | #1322 | |
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12-09-2020, 06:05 PM | #1323 | |
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12-09-2020, 10:21 PM | #1324 | |
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12-09-2020, 10:37 PM | #1325 |
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12-10-2020, 01:50 AM | #1326 | |
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12-10-2020, 07:26 AM | #1327 | |
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![]() As a tidbit, Porsche was so successful as an independent company and was sitting on so much cash, it almost bought VW. In a tug of war between cousins, Piech outwitted Porsche and VW ended up owning Porsche. But it could have easily gone the other way. I also don’t agree with your assessment of the E9X M3. In its era, it also performed above its class and could outperform a 911 of that era on track.
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12-10-2020, 07:29 AM | #1328 | |
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minn198632.50 |
12-10-2020, 07:44 AM | #1329 | |
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I don’t didn’t mean to imply that the all the prior gen M3s were not capable of being competitive with Porsches in races but I think in trims available to consumers, it was not as competitive. The E9x platform had rod bearing issues, needed additional cooling on track and was heavier than the outgoing E46 M3. The F8x’s cooling is a dramatic improvement over the E9x (just by itself, improving the overall reliability of the engine) and other tidbits like a closed deck design. I wouldn’t have considered the F8x if Biermann hadn’t made those design changes and would have just gotten a 911.1 S. P.S. I realized that I misspoke, its been such a long time since I read the case but Porsche was planning to secretly buy out VW. The great financial recession caused VW’s shares to crater in value, forcing a liquidity crisis at Porsche. They did use derivatives in addition to equity purchases and that just made it worse when the share value cratered. Still, at that time, VW was bigger than Porsche, but Porsche needed a 75% stake in VW. In reality, I wouldn’t say that Porsche got outwitted, rather they got greedy by using options and chased the acquistion. In the end, the trade got too big and overwhelmed the capacity of Porsche when it crashed. If they had not over-reached, their plan would have succeeded when VW AG’s stock cratered, they could have just swooped in and purchased the shares. The over-reach here was not watching your liquidity levels; same as Bear Stearns, Lehman, Countrywide etc. Their use of derivatives signaled leverage as they couldn’t buy VW outright with cash on hand; it also signaled that they were reaching. The market is dangerous like that; once news of their intent was signaled and their liquidity situation was known; I wouldn’t be surprised if it was revealed that VW had ‘allowed’ their share price to fall to put tremendous stress at Porsche. Last edited by CT_M3; 12-10-2020 at 08:20 AM.. |
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12-10-2020, 09:08 AM | #1330 | ||
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Yup; the early Cayenne had VW parts. The engine and Transmission was said to be Porsche. |
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12-10-2020, 09:37 AM | #1331 | |
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12-10-2020, 10:18 AM | #1332 |
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This was signaled long before Kith and long before the G8X, but then you had owners of the lower M-Performance labeled cars telling legit M owners that they were being sensitive, had too much ego, etc.
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12-10-2020, 11:26 AM | #1333 | |
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![]() Cars aside, how are you doing? Things settling down at all for you in your job or is still nuttier than usual? Also, I vote you get a M2 CS so I can selfishly hear your impression of it etc. ![]() |
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12-10-2020, 02:09 PM | #1334 | ||
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![]() Work has settled down significantly in the last 3 weeks or so. We still have the odd protest here and there courtesy of BLM/Antifa, but nothing like it has been the last 8 months or so. Thanks for asking brotha. How are you? |
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12-10-2020, 02:17 PM | #1335 | |
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![]() I/my family are thankfully doing good. A little bored as it is eat, work, hang out at home with the fam, sleep and repeat. But, I know a lot have it pretty bad nowadays so no complaints here. |
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GERMAN M32700.50 |
12-10-2020, 02:44 PM | #1336 | ||
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I am glad you and the family are doing well. These are rough times for a lot of people. |
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12-10-2020, 02:44 PM | #1337 |
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12-10-2020, 03:06 PM | #1338 |
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My good friend is high up at Cadillac and I asked him about that car and he was silent. I just asked him again what the deal is will see if has anything to spill.
He did say if I ever wanted anything GM he could get me an insane deal but nothing in that lineup has every tickled my fancy. EDIT: He just texted me "They are going to be epic" |
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12-10-2020, 03:27 PM | #1339 | |
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Hard to believe competitors won't destroy them and their wannabe cool factor with competitive advertising. Talk about being ripe for the picking.
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12-10-2020, 05:50 PM | #1341 |
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12-10-2020, 06:11 PM | #1342 |
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That caught my eyes as well, maybe an order only type situation? But then again it says "standard." Maybe they are referring to the number of Blackwings they will produce?
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