- Associated Press - Wednesday, July 6, 2011

MANILA, Philippines — Philippine President Benigno Aquino III has sold his Porsche but says it’s not because of criticism it was inappropriate for a leader of a poor country.

Critics said the president’s $102,000, thirdhand sports car showed insensitivity. Aquino told reporters Tuesday he sold the car for the same price he bought it. He had owned it since January, but there have been no pictures or public sightings of him in the car.

He said that too much news reports and commentaries about the car have made it “an advertisement that, ‘Hey, here I am.”

Aquino said he felt vulnerable in the Porsche and so he relegated it to the garage where it would just deteriorate. He says, “It was time to let somebody experience it also.”

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