Arndt Ellinghorst Quotes (9 Quotes)

Until now, the Germans thought, 'We can make it with diesel.' They saw hybrid as a technology that was just filling a gap. Now they're seeing that, particularly in the U.S., they're missing a market.

I welcome the step. It gives management credibility. What we would look for now is whether this outlook is just part of a series of revisions that might come later or whether today's guidance is valid for the rest of 2002.

The outlook that the first half-margin should be similar to the second half last year clearly highlights that the market pressures will continue and that Peugeot is less resistant to these pressures, given that their cost savings are flattening out and the new models are delivering less of a positive volume and mix effect than the company was expecting.

It determines the path of the company.

There's hardly any business rationale for this deal. It really dilutes the image of Porsche, and raises questions about whether the management has control over the capital of the company.

This increases the likelihood that Zetsche will make major changes. He needs to break up all these networks that were built up over the 10 years of Schrempp. It's going to be a painful process.

Analysts were stunned by Porsche's move, which they said was a radical departure for a traditionally conservative company. Porsche told us that they were going to invest back into the company rather than pay higher dividends, ... Now they're investing in one of the least profitable car companies in Europe.

After all these years of suffering, why spin it off

The fact that they didn't raise their dividend any further - we expected 0.70 euro (A1.14) per share - was a disappointment when viewed against the 11 percent increase in net profit. We would hold the stock.