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Porsche AG, the Stuttgart-based designer and manufacturer of desirable high image motor cars, and only of late roped into Volkswagen Group’s growing portfolio of brands, is not only on course for yet another all-time global car sales record. Its much envied high profitability also remained in the top-margin stratosphere, hitting a sky high 18.2 per cent during the nine months to September this year after declaring operating profits of €1.89bn for the same spell. That’s after an extensive investment drive into new models like the Macan, the costs related to its Leipzig plant expansion and further setting up costs at its Weissach development centre. This October, echoing the upbeat story seen all of this year, Porsche’s worldwide sales rose 14.6 per cent to 13,393 units, buoyed by double-digit gains in all major markets...more MORE LIKE THIS: China now JLR’s biggest market worldwide 19 Nov 2013 Global prestige car market far from slowing 19 Nov 2013 Badge culture still flourishing the world over 17 Oct 2013 |
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