When you click on links to various merchants on this site and make a purchase, this can result in this site earning a commission. Affiliate programs and affiliations include, but are not limited to, the eBay Partner Network.
I guess. 500 more GT cars at an average of $20k more MSRP would bump the net profit by say $10 million on the old income statement, but hey, maybe that's chump change
I guess. 500 more GT cars at an average of $20k more MSRP would bump the net profit by say $10 million on the old income statement, but hey, maybe that's chump change
Answered your own question... 10 mm immaterial to vag
Answered your own question... 10 mm immaterial to vag
If I was a shareholder/stakeholder and heard that from senior management, I would boot them out of the company. Profit is profit and leaving it on the table is unacceptable in my eyes. A corporations number one goal should be to maximize profits not to stroke their dealers.
If I was a shareholder/stakeholder and heard that from senior management, I would boot them out of the company. Profit is profit and leaving it on the table is unacceptable in my eyes. A corporations number one goal should be to maximize profits not to stroke their dealers.
don't disagree....but from an accounting /finance standpoint, isn't 10mm immaterial on their financials
don't disagree....but from an accounting /finance standpoint, isn't 10mm immaterial on their financials
I think the 10mm is material to the GT/motorsportso program - especially given the current problems. I think we all win if they price them more appropriately.
I think the 10mm is material to the GT/motorsportso program - especially given the current problems. I think we all win if they price them more appropriately.
im not using the term in a subjective way, i am saying that i think the number is immaterial from an accounting standard to total revenue/financials at VAG. but i am not an accountant, maybe someone else can comment.
if you applied the same standard to Porsche motorsports only, i am sure that it is material
im not using the term in a subjective way, i am saying that i think the number is immaterial from an accounting standard to total revenue/financials at VAG. but i am not an accountant, maybe someone else can comment. if you applied the same standard to Porsche motorsports only, i am sure that it is material
I am not sure about this.
I have no idea what the Porsche Motorsports division's budget is (as the publicly available financial statements for Porsche AG does not list it as a separate line-item), but from what I understand Porsche invested something upwards of about $150M USD just on the 919 LMP1 program alone.
If PAG/VW want to reward some of their best dealers, they should make 30-50 unexpected PTS RSs and dump them in their laps and let them sell to the highest bidders. Let that be the "trunk" money.