Porsche is a Hedge Fund That (Sometimes) Makes Cars - How Money Works | How Money Works

Porsche is a Hedge Fund That (Sometimes) Makes Cars - How Money Works

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Link to the history video https://www.youtube.com/watch?v=FiR5hdXZv3A

When you think of Porsche you probably think of fast cars, and finance bros.

Porsche's are expensive but decidedly less flashy than their Italian rivals so they do well with the people that want an expensive sports car but don’t want to explain what they do for a living every time they stop t a gas station.

What you might not know is that Porsche and the finance bro’s that enjoy the fast cars they make have more than a producer customer relationship.

Porsche is itself, effectively an investment firm that happens to occasionally make cars on the side.

If you weren’t confused already, Porsche Automobiles is owned by the Volkswagen group, the company that makes the golf and the beetle, but the Volkswagen group, is owned, by Porsche.

You can also buy shares in Porsche, as well as Volkswagen because they are both public companies listed on the Frankfurt stock exchange, however, Volkswagen has announced plans to take Porsche public at the end of the year, even though it already is a public company.

This corporate mess is only where the weirdness begins, because besides making cars Porsche has investments in companies that make commercial 3D printers, laser systems, and satellite launch platforms.

#business #finance #howmoneyworks

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Edited By: Andrew Gonzales

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