Automaker Porsche posts euro 5.5B 6-month profit

Porsche may have demonstrated how to make a profit in the auto industry without actually posting record sales in the luxury car department. One of the few auto companies that is actually doing well right now is the VW brand and the stake that Porsche bought in a couple of years ago is now paying off huge dividends. Rather than allying itself solely to its luxury cars that typically would only sell in good economic times, Porsche is proving why it deserves it title as one of the best automakers in the world. GM has a very diversified group of car subsidies under its wings and I will be interested to see if the new month deadline President Obama has given the company will actually do much to bring the company back into a future devoid of the bankruptcy protection that it will most likely need. Even though Wall Street hasn't been doing well and the large number of Ponzi schemes are finally coming to light, instead of putting all of your eggs into one basket is never a smart idea and so finding a way to make the most of its assets could enable GM to succeed with the taxpayer's money.