By gt3spark

Better than expected result at Porsche SE

Return to profit expected for 2011, Very good development of operating business at Porsche AG and in the Volkswagen group

Stuttgart, Germany. In the past fiscal year 2009/10 (ended 31th July) Porsche Automobil Holding SE, Stuttgart (Porsche SE) achieved earnings after tax of minus 454 million euro. This is an improvement on the figure expected when Porsche SE published its six-monthly financial report. At that time, the company forecast a low single-digit billion-euro loss. In the prior year, the group’s loss after tax was 3.563 billion euro. Read more

Matthias Müller appointed to the executive board of Porsche SE

Stuttgart, Germany, At its meeting today, the supervisory board of Porsche Automobil Holding SE concordantly appointed Matthias Müller (57) to the executive board of Porsche SE (member with responsibility for general technical product issues) with immediate effect. Müller, who has been CEO of Dr. Ing. h.c. F. Porsche AG since 1 October 2010, succeeds Michael Macht on the Porsche SE executive board. Macht was appointed to the board of management of Volkswagen AG on 1 October 2010 where he is responsible for group production. Read more

Porsche with record turnover

Panamera and new Cayenne drive growth forward

Stuttgart. The Dr. Ing. h.c. F. Porsche AG, Stuttgart, has again achieved outstanding results in the business year 2009/10 (July 31). According to the preliminary figures, with a growth of 17.9 percent to 7.79 billion euros, Porsche achieved the highest turnover in company history. Sales also rose by 8.8 percent to 81,850 (previous year: 75,238) vehicles. Read more

Fourth Edition of a Sports Car Legend: The New Porsche 911 Speedster

997speedsteraboveStuttgart. Very low-slung, very sporty, and very rare: The Dr. Ing. h.c. F. Porsche AG, Stuttgart, launches a small edition of a new 911 Speedster. Paying homage to the first Porsche model that bore the name Speedster – the 356 Speedster –, the production run for the new model is limited to 356 cars. The two-seater is significantly different from the other members of the 911 family. In the best tradition, the 60 millimetre lower, more raked windscreen, the flat contour of the sporty-look manual hood, and the characteristic double-bubble hardcover for the soft top define the striking profile of the new 911 Speedster. This makes the body of this rear-wheel drive with its 44 millimetre wider rear stand out even more. The new Porsche 911 Speedster will celebrate its world premiere at the Paris Motor Show in early October. Read more