Porsche 1st-Half Profit Rises 4.5% on New 911 Model
01-31-2005, 11:13 PM
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Porsche 1st-Half Profit Rises 4.5% on New 911 Model
01-31-2005, 11:49 PM
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Burning Brakes
"World's most profitable car maker", hmm I wasn't aware of that. Things sound pretty healthy at any rate. It looks like the Pres. has a lot to do with it. Thanks for the article.
02-01-2005, 12:24 PM
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Wow, they wanna hit 100,000 cars annually?? Does anyone else remember the days when they wish they could hit a couple thousand? Or when they honestly couldn't build even that many since hand labor was closer to 100 hours per car?
02-01-2005, 03:45 PM
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Actually, it's thanks to the currency hedging referenced at the end of the article. If they hadn't, Porsche could be in the same situation as Lotus...forced to raise prices 8% within the 2005 model year alone to maintain profit goals set a couple years ago.
I'm not impressed with Porsche's engineering of late (see other threads), but I give props to a German manufacturer with the majority of sales in the US able increase profits while actually lowering prices on new models while facing a very weak dollar.
I'm not impressed with Porsche's engineering of late (see other threads), but I give props to a German manufacturer with the majority of sales in the US able increase profits while actually lowering prices on new models while facing a very weak dollar.
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02-01-2005, 06:01 PM
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I dont believe its because of the 997, more like the Cayenne, as much as I hate to say that.
Porsche U.S. Sales Driven by Sports Cars
02.01.2005, 01:01 PM
Porsche Cars North America Inc. said Tuesday that it sold 6.3 percent more vehicles in the United States last month than the year before, with demand for its sports cars speeding off while sport-utility vehicle demand slipped.
The company, a division of German conglomerate Porsche AG, sold 2,177 vehicles in January, down from 2,218 last year but representing a percentage increase after adjusting figures to account for two less selling days last month.
Sales of Porsche cars grew 42 percent to 1,106, boosted by strong sales of its new Boxster and 911 Carrera models during the period. Boxster sales nearly doubled to 468 vehicles, as 911 volume gained 15.2 percent.
Meanwhile, sales of its Cayenne SUV dropped 15.6 percent to 1,071 units, Porsche said.