10% increase across the board for 2024: rumor or truth?
03-24-2023, 09:30 PM
#46
Drifting
Ford just LOST 3 billion dollars due to manufacturing EVs. Sounds like a solid business plan. Gov bail out coming up.
Wish GOV would bail me out when I blow it all on hookers and blow.
Wish GOV would bail me out when I blow it all on hookers and blow.
03-24-2023, 09:41 PM
#47
There is no way they are increasing prices. This whole thing is misinterpretation of what the CFO said.
03-24-2023, 09:42 PM
#48
Porsche Announces Significant Price Increase for 2024 Model
Porsche has said the price increase is required to maintain high profit margins in the face of increased costs to build EVs.
https://rennlist.com/articles/porsche-announces-significant-price-increase-for-2024-models/?utm_source=2023324&utm_medium=email&utm_campaign=content
03-24-2023, 10:12 PM
#49
Ford lost $2.1 Billion on EV last year and still had an overall operating profit of $10.4 Billion. EV is like a start-up. Start ups lose money as they invest in capability, develop knowledge, build volume, and gain market share. This is basic Econ. 101a.
Note: The $3 Billion is a projected loss from EV for 2023. It's only a forecast. Not a fact as you claimed in your post.
Last edited by Diablo Dude; 03-24-2023 at 10:22 PM.
03-24-2023, 10:27 PM
#51
03-24-2023, 11:06 PM
#52
03-24-2023, 11:09 PM
#53
Addict
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03-24-2023, 11:25 PM
#54
Basic Sponsor
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I sure hope not, with used priced dropping, paying MSRP for a brand new build (on the sub GT cars) for the same price as a used model is no longer the case.
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03-25-2023, 01:37 AM
#55
Drifting
Youre terribly misinformed.
Ford lost $2.1 Billion on EV last year and still had an overall operating profit of $10.4 Billion. EV is like a start-up. Start ups lose money as they invest in capability, develop knowledge, build volume, and gain market share. This is basic Econ. 101a.
Note: The $3 Billion is a projected loss from EV for 2023. It's only a forecast. Not a fact as you claimed in your post.
Ford lost $2.1 Billion on EV last year and still had an overall operating profit of $10.4 Billion. EV is like a start-up. Start ups lose money as they invest in capability, develop knowledge, build volume, and gain market share. This is basic Econ. 101a.
Note: The $3 Billion is a projected loss from EV for 2023. It's only a forecast. Not a fact as you claimed in your post.
Damn, CNN lied to me again!
03-25-2023, 08:09 AM
#56
Rennlist Member
Finance head Lutz Meschke made the pricing announcements on a call with analysts to reassure them that Porsche can continue to build on 2022’s strong operating profits of €6.8 billion (AUD$10.95 billion) in 2022 with an 18% return on sales.
“We will see significant price increases in the middle of the year for the new model year. That will help a lot to make sure we make strong group operating margins,” Meschke said.
https://www.autodaily.com.au/porsche...es-are-coming/
03-25-2023, 09:32 AM
#58
I don't think so. There are multiple sites stating the same thing ...all quoting finance head Lutz Meschke. Seems to be true.
Finance head Lutz Meschke made the pricing announcements on a call with analysts to reassure them that Porsche can continue to build on 2022’s strong operating profits of €6.8 billion (AUD$10.95 billion) in 2022 with an 18% return on sales.
“We will see significant price increases in the middle of the year for the new model year. That will help a lot to make sure we make strong group operating margins,” Meschke said.
https://www.autodaily.com.au/porsche...es-are-coming/
Finance head Lutz Meschke made the pricing announcements on a call with analysts to reassure them that Porsche can continue to build on 2022’s strong operating profits of €6.8 billion (AUD$10.95 billion) in 2022 with an 18% return on sales.
“We will see significant price increases in the middle of the year for the new model year. That will help a lot to make sure we make strong group operating margins,” Meschke said.
https://www.autodaily.com.au/porsche...es-are-coming/
Porsche have enjoyed a great journey last 20 years:
"Wiedeking is no diplomat, and he makes no apologies. He's the kind of man who becomes indignant at the notion of filing quarterly financial reports: He refused, and as a result Porsche was dropped last year from Germany's MDAX, the stock exchange index for midsize companies".
https://www.forbes.com/global/2002/0...h=566c42f86f7c
03-25-2023, 10:31 AM
#59
I don't think so. There are multiple sites stating the same thing ...all quoting finance head Lutz Meschke. Seems to be true.
Finance head Lutz Meschke made the pricing announcements on a call with analysts to reassure them that Porsche can continue to build on 2022’s strong operating profits of €6.8 billion (AUD$10.95 billion) in 2022 with an 18% return on sales.
“We will see significant price increases in the middle of the year for the new model year. That will help a lot to make sure we make strong group operating margins,” Meschke said.
https://www.autodaily.com.au/porsche...es-are-coming/
Finance head Lutz Meschke made the pricing announcements on a call with analysts to reassure them that Porsche can continue to build on 2022’s strong operating profits of €6.8 billion (AUD$10.95 billion) in 2022 with an 18% return on sales.
“We will see significant price increases in the middle of the year for the new model year. That will help a lot to make sure we make strong group operating margins,” Meschke said.
https://www.autodaily.com.au/porsche...es-are-coming/
03-25-2023, 11:24 AM
#60
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No where did they say volume is their directive. Porsche is fine with less volume and higher margins. I can see a 6-8% for increase next year.