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    Porsche profits storm to record high

    From Reuters:

    click HERE for link to web page

    Quote:
    FRANKFURT (Reuters) - Profit and revenue at Porsche AG (PSHG_p.DE: Quote, Profile, Research) rose to record highs in the year to the end of July, the maker of the 911, Boxster and Cayenne sportscars said on Wednesday.

    Porsche, which credited new models for the improvement, said turnover grew 10.6 percent to 7.27 billion euros ($9.2 billion) as it sold 9.5 percent more vehicles -- or 96,794 in total -- thanks to an improvement in the mix of models.

    It had already said sales would top 90,000.

    Profits were lifted by the sale of its German roof systems unit CTS. The Stuttgart-based carmaker also sold its U.S. business Porsche Engineering Services in a deal announced last month.



    Porsche traditionally reports its full-year profit figure and proposes dividends in November with detailed results due a month later.

    It makes the bulk of its money in the second half of the year.




    Re: Porsche profits storm to record high

    One part of me feels the pain of knowing that we are all being overcharged for the cars we buy but another part of me is at least glad that Porsche is financially successful and so will be around for a good while longer...I don't think any one of us would want Porsche to be back on its knees in need of a new financial miracle like the Boxster was.

    Ask car makers like Maserati, TVR, Jaguar, Aston Martin what it's like to be struggling....

    Re: Porsche profits storm to record high

    Quote:
    easy_rider911 said:
    One part of me feels the pain of knowing that we are all being overcharged for the cars we buy ...



    Marxist?

    Re: Porsche profits storm to record high

    Quote:
    W8MM said:
    Quote:
    easy_rider911 said:
    One part of me feels the pain of knowing that we are all being overcharged for the cars we buy ...



    Marxist?



    Well, we know that Porsche is a MAXest!

    Re: Porsche profits storm to record high

    Not supprising when you concider the fact they have shares in vw, and the fact that they do make rather large profit margins on their cars, not to mension their exspensive parts.

    But if you wealthy enough to buy a porsche then maintainace costs arnt much of a bank breaker.

    but old ferdinand porsche has sure done well for himself and his son ferry. If it wasnt for them you wouldnt be driving the best made sports car in the world...

    Re: Porsche profits storm to record high

    Quote:
    easy_rider911 said:
    One part of me feels the pain of knowing that we are all being overcharged for the cars we buy ...



    I think the over charging is more apparant in the uk, double the u.s price!

    and even the normal everyday cars are double here in the uk!

    Re: Porsche profits storm to record high

    Porsche prices are just right, because it is what makes porsche Porsche. Porsche has always been pretty pricy but not Ferrari like. I still think the market position Porsche is in pretty much alone with some brands occasionally showing similar deals.

    Re: Porsche profits storm to record high

    I wonder, if you start driving on the right side of the road do the prices come down? Maybe UK should move to the right!

    Re: Porsche profits storm to record high

    I'm afraid it'll only happen when British citizens drop the pound. Large companies have always used the old "1 GBP = 1 EUR = 1 USD" equation.

    Since it costs exactly as much to import Chinese or Japanese goods into England as into the Netherlands, British consumers might expect prices to drop a bit once the shift does happen, as it'd become obvious that they are getting ripped off.

    Of course, I bet they actually prefer getting ripped off over surrendering the last illusory symbol of British power to the Krauts and the Frogs.

    Re: Porsche profits storm to record high

    The uk hasnt got any power.

    The uk and us arnt alike, as bush says the u.s doesnt have to answer to anyone.

     
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