Skip to main content

Porsche Reports First Half 2015 Results

Not to be outdone by their Volkswagen Group counterparts, Porsche is off to a record start in 2015.  Deliveries rose 30 per cent over last year, and revenue was up a massive 33 per cent over 2014, due in part to strong sales of the Macan SUV.  In an effort to sustain these numbers, Porsche will invest $1 Billion in Zuffenhausen and Weissach in the next five years with money going to infrastructure and technological advancements.

Read the full Press Release below.

Encompassing all sales markets, the sports car maker set new records

ATLANTA – In the first half of 2015, Dr. Ing. h.c. F. Porsche AG had the most successful half-year in the company’s history with new record figures for vehicle deliveries, sales revenue, and earnings. The sports car maker delivered 113,984 vehicles in the first six months of the 2015 fiscal year, up 30 percent compared to the same period in 2014. During this time, revenue increased 33 percent to 10.85 billion euros. The operating profit surpassed the 2014 figure by 21 percent yielding 1.70 billion euros. The number of employees also increased by ten percent to 23,477 individuals.

“All models and derivatives that we have recently launched have proven to be top sellers in their markets,” said Matthias Muller, Chairman of the Executive Board of Porsche AG, explaining this success by citing the attractive product range of Porsche cars. “This pertains to the Macan model series as much as it does to the new GT models, 911 GT3 RS and Cayman GT4, plus the new GTS derivatives for 911 and Cayenne.”

In his outlook of the results, Lutz Meschke, Member of the Executive Board for Finance and IT at Porsche AG, was optimistic that Porsche will surpass the previous year’s results in the 2015 fiscal year and will reach the self-set target of a 15 percent return on sales. Meschke also pointed out positive currency effects which have lessened the burdens of the very high investments in future technologies and the build-out of the production sites. With several projects planned, Porsche will invest more than one billion euros in Zuffenhausen and Weissach by 2020. Porsche is currently spending another half billion euros on the extension of the Leipzig plant.

The post Porsche Reports First Half 2015 Results appeared first on VWVortex.



from VWVortex http://ift.tt/1eGeAaT
via IFTTT
Labels:

Comments

Post a Comment

Popular posts from this blog

Review: Saying Goodbye to the CC V6

For all its size and its global reach, Volkswagen is still, in many ways, a deeply human company. There was, for instance, the Bugatti Veyron an ego project if ever there was one. Then the purchase of Ducati, a move most called folly. And then there was the Phaeton, the Volkswagen that most folks can’t afford. Not only were these moves all strange, I’m sure that they made VW’s accountants furious. None of them made good business sense, but they were all deeply interesting and they all are evidence of the heart that beats at the center of VW. Among these follies is the CC, a car that everyone agrees is rakishly handsome, but that no one really wanted to buy. The car couldn’t last, but the world is brighter for its having been in it. With the approach debut of the Arteon, it seems like a good time to look back on its sadly departing predecessor. The version I drove, because I live in Canada, is a V6 Wolfsburg Edition, which apparently isn’t available in the States. Nor is the V6, not as
Post a Comment
Read more

Waterfest Moves to Atco Dragway

Waterfest 24 will be held at Atco Dragway, in Atco, New Jersey. The summer event will take place at its new venue on July 21 and 22. Long held in Englishtown, New Jersey, the festival has been such a large part of the VW scene that the latest iteration of the Golf even comes with optional “Englishtown” wheels . The new venue, however, is an NHRA drag track a scant 52 miles southwest of Englishtown. The ¼ mile drag track opened in 1960, which makes it the oldest drag strip in New Jersey. The announcement came today on a social media post that announced the new location. Waterfest is North America’s largest VW/Audi show. As many 20,000 people show up for the annual show, making the second largest show in the world—with Worthersee being number one. 2018 will be Waterfest’s 24 th year in existence. The post Waterfest Moves to Atco Dragway appeared first on VWVortex . from VWVortex http://ift.tt/2GQjkuc via IFTTT
Post a Comment
Read more

Mitsubishi admits it lied about MPG ratings for all vehicles in Japan

Filed under: Government/Legal , Green , Mitsubishi , Fuel Efficiency , Japan Mitsubishi says its shady fuel-economy test practices may have been used on all vehicles it sells and has sold in Japan. Continue reading Mitsubishi admits it lied about MPG ratings for all vehicles in Japan Mitsubishi admits it lied about MPG ratings for all vehicles in Japan originally appeared on Autoblog on Wed, 11 May 2016 12:36:00 EDT. Please see our terms for use of feeds . Permalink  |  Email this  |  Comments from Autoblog Volkswagen http://ift.tt/21X3bHv
Post a Comment
Read more