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.