Monday, October 31, 2011
Porche (also BMW) in cruise mode
Ø Luxury German sports car maker Porsche :
o profits jumped 25 percent during the first nine months of 2011.
o operating profit between January and September rose to 1.51bn euros ($2.14bn) from 1.21bn euros in the same period in 2010.
o Porsche’s turnover rose by 20 percent with sales increasing by 26 percent to 85,872 vehicles. Porche may cross the psychological figure of 100 K vehicles this year
o Growth was spread across all regions but with the largest increase being posted by China, with vehicle sales up 82 percent to 17,683 units. Total sales in the Asia/Rest of the World region, which includes the Middle East, rose by 54 percent to 31,954 vehicles.
Ø BMW also has reported positive results, with the capacity utilization at a whopping 110 % !!