Any keeners out there know of the profit that porsche made on each car? After designing . -Materials and labor costs? Which series was the most profitable from an individual vehicle stand point from the different series of vehicles ? Nicole perhaps? Any one? Mike.

 

Porsche is a publicly traded stock even though the Porsche and Piech families own about 50 % and the annual report is available on the internet . They did not and do not break it out by model . They refuse to do the financial reporting necessary to be listed on the NYSE but trade on the German exchange . Porsche design is a major revenue center and Porsche Financial (leasing) now owns millions and millions of dollars of used cars ....... it can be interesting reading

 

What reading Mr. Bailey? Where? Mr.928 Confusious. !icon with respect.

 

Ooops... Porsche Design (F.A. Porsche Design, to be exact) is an independent company privately owned by Ferdinand Alexander Porsche, nicknamed "Butzi" Porsche - a grandson of the old Ferdinand.

What you are referring to is "Porsche Engineering", which has it's main center in Weissach, and a branch in the Detroit area.

No numbers on 928 profitability, but I have heard they did not lose money on it.

 

I thought about buying some stock in the company, but the cost is prohibitive. I could go in for a group buy on a few shares if anyone is interested in expanding their portfolio a bit.

 

I'm curious what name their stock is traded under (abbreviation?) and what the current price it is trading at.

Thanks,
Tim

 

Thank You Nicole I was thinking of the Engineering group . It has been some time since I read the annual report but a quick search for Porsche Annual report should get you there . As I recall the stock sells for a very high muliple on earnings .

 

Just imagine what would happen to product if they did.

Remember back, not too long ago when MBZ was the (or one of anyway) best engineered and built cars in the world? Back before they swallowed the poison pill (Chrysler/Plymouth/Dodge) they were often asked to do some different financial reporting so as to trade on NYSE - they always steadfastly refused - because they knew that Wall Street types have no idea what long term investment is (save for Warren Buffet and precious few others). The US stock exchanges are a quarter to quarter nightmareland that actively discourage any real long-term gambles/investments - just like those needed to engineer a new car line or two.

German investors (used to anyway) understand the necessity of such long term planning, though they seemingly are becoming Americanized - and looking to 'get rich quick' just like us. Sigh.

Now MBZ is listed, look where their quality is. But on the "bright" side - anybody can drive a new Benz (leasing, another scourge) for $349 a month.

Just imagine what kind of overpriced, slapped-together junk would be coming out of Porsche now if they were beholden to the corporate looters that are the NYSE. But there would be lotsa slick ads telling you it's "professional grade'' or some such lie of the marketers - that's what Wall Street rewards.

Greg

 

I'm not familiar with the German markets(and don't read German), but it looks like it trades under "693773.DE" on the Xetra or Frankfurt Exchanges for about 545 euros/share.
Glenn