Well, believe it or not, Porsche made an astonishing €6.83bn from trading in VW shares, and a further €1bn from the rising value of its Volkswagen stake which was 22.3% in July! Porsche currently owns a direct stake in VW of 42%, and controls about 32% more via stock options.
In terms of selling cars, Porsche's turnover was about €7.5bn or €1.4bn less than the firm's overall net profit in the same fiscal year...
Business year, 2007/08, 2006/07
Profit before taxes, EUR 8.569 billion (+ 46 %), EUR 5.857 billion
Profit after taxes, EUR 6.392 billion (+ 51 % ), EUR 4.242 billion
Turnover, EUR 7.466 billion (+ 1.3 %), EUR 7.368 billion
Sales, 98,652 vehicles (+ 1.2 %), 97,515 vehicles
The Blue Oval reported today a second quarter profit of US$1 billion (€827 million), down 57 percent or US$1.4 billion (€1.16 billion) over the same period last year, as the company's losses in Europe piled up. Net income in the first...
Piggybacked by a one-time tax gain, Ford Motor Company has posted its highest annual profit since 1998 and the second biggest in the firm's 109-year long history. The Blue Oval's net income for 2011 was US$20.2 billion or US$4.94 per share, an...
After losing the top spot as the world's largest automaker, Toyota is now halving its profit forecast due to a number of factors, the most important of which are the production disruptions caused by the earthquake and tsunami in Japan in March and...
General Motors announced on Wednesday its third quarter financial results. Earnings were down 15% compared to last year, from US$2.0 to US$1.7 billion, which equates to a US$1.03 profit per share compared to 2010’s US$1.20. The Detroit-based automaker's...
Whereas the rest of the European carmakers such as PSA Peugeot and Citroen and the Fiat Group are facing troubled times, the German auto industry is enjoying one of its most prosperous eras ever. On Thursday, Europe's largest automaker, the Volkswagen...