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
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 is considering returning to Formula 1 as an engine supplier after an absence of two decades.
The German company’s motorsport reputation is mainly founded in sportscar racing, but its new chairman Matthias Mueller does not want Porsche to go head to head with Audi in Le Mans’ premier LMP1 class. Read more