Quotes by Arndt Ellinghorst

“Schrempp is one of the last dinosaurs of Germany Inc.. He represents a strategy of acquiring assets and building empires that just didnt work.”

“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. Its going to be a painful process.”

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

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

“[Analysts were stunned by Porsches 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 theyre investing in one of the least profitable car companies in Europe.”

“Porsche told us that they were going to invest back into the company rather than pay higher dividends. Now theyre investing in one of the least profitable car companies in Europe.”

“Theres 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.”

“For most Porsche shareholders, its a slap in the face.”

“The quarterly results are very, very good. Profitability at Chrysler and Commercial Vehicles is convincing. This should take some of the fear out of the market. I think earnings estimates will now have to be raised.”

“After all these years of suffering, why spin it off?”