GO
Loading...

Fast Bucks: How Porsche Made Billions

Fast Bucks: How Porsche Made Billions

Over two astonishing days in October 2008, one of the most amazing stories of the downturn emerged. Porsche, the luxury sports car manufacturer, was revealed as the force behind an audacious takeover bid for Volkswagen. The price of Volkswagen shares rocketed fivefold and it briefly became the most valuable company on the planet. Hedge funds that had been betting on VW shares falling in the downturn found themselves staring at losses that ran into billions of pounds. "Fast Bucks: How Porsche Made Billions" investigates allegations that the iconic automaker manipulated the market in an all-out bid to acquire its rival.


Most Popular Video

Wednesday, 16 Apr 2014 | 12:00 AM ET

GM unveils new models, hopes for strong sales this year After massive recalls, General Motors is pushing forward with new car models unveiled at the 2014 New York International Auto Show. CNBC's Phil LeBeau explains.

Friday, 11 Apr 2014 | 7:23 AM ET

Former Fed Chairman Ben Bernanke challenges Raghuram Rajan, Reserve Bank of India governor on his views about monetary policies, reports CNBC's Michelle Caruso-Cabrera.

Tuesday, 15 Apr 2014 | 5:40 PM ET

Jonathan Geller, BGR president and editor-in-chief, weighs in on the specifications for Amazon's newly announced 3-D smartphone.