The announcement comes as the Stuttgart-based auto maker reports first-half pre-tax earnings of €274 million ($335.5 million), an 11.3% increase over the previous year. The consensus among analysts was that Porsche would record a pre-tax gain of €249 million ($301 million). The profit hike came on a 15% revenue jump to €3.25 billion ($3.9 billion), which was boosted by a 16.8% increase in unit sales to 41,750. Porsche’s results fly in the face of critics who feared the auto maker’s ...
Premium Content (PAID Subscription Required)
"Printer-friendly" is part of the paid WardsAuto Premium content. You must log in with Premium credentials in order to access this article. Premium paid subscribers also gain access to:
All of WardsAuto's reliable, in-depth industry reporting and analysis
Hundreds of downloadable data tables including:
• Global sales and production data by country
• U.S. model-line inventory data
• Engine and equipment installation rates
• WardsAuto's North America Plant by Platform forecast
• Product Cycle chart
• Interrelationships among major OEMs
• Medium- and heavy-duty truck volumes
• Historical data and much more!
Current subscribers, please login or CLICK for support information.