Global recession? Time to buy more Porsches then!
Despite the worldwide economic recession, it seems people are buying more Porsches than ever before! Porsche Automobil Holding SE, Stuttgart, reports that the company has set new records in the business year 2007-08, with profits, turnover, sales, and production reaching new all-time highs.
The business year 2007-08 was the most successful year ever in the 60-year history of Porsche, with Group profit before taxes increasing by 46 percent to 8.569 billion Euro. This significant jump in profit was again due to special influences in connection with the holdings in Volkswagen AG, Wolfsburg, Germany.
Porsche’s operative earnings before taxes, corrected for special effects from hedging operations as well as the interest result of Pors...Read More