I did an analysis on Porsche last year - no matter what they say, they are one of the best when it comes to making profit on currency hedging - they are the Goldman Sachs of automakers (I don't mean to portray Goldman in a good way cause they really aren't - they have trailed my firm in many league tables countless times for the last several quarters) - I call them that because like Goldman, a lot of undisclosed revenue is a result of betting on which way the currency is going. You have to tip your cap to them, they are faring much better in this area than their American counterparts (even better than Daimler). I haven't reviewed their financials recently, but when I penned that analysis, the profit they make from currency hedging outweighs the profits they make on all their vehicles combined.

Impressive financially, I say.