Tagged porsche

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

Start of the New “Gran Turismo” Special Exhibition

Stuttgart. Starting today, the Museum of Dr. Ing. h.c. F. Porsche AG, Stuttgart, is opening its Special Exhibition on Gran Turismo Motoring: From 29 June to 25 July 2010 visitors to the Porsche Museum are able to admire the Porsche 911 GT1 (996 model series), the 911 GT2 (997 series), and the 911 GT3 RS (997 series) at this great event.

All three of these racing cars share the term “GT”. But what exactly lurks behind this abbreviation of the Italian term “Gran Turismo”? Originally these two letters stood for the concept of “Grand Motoring”, since GT cars used to be relatively comfortable sports cars for long-distance racing.
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Porsche Motorsport welcomes new partners

Stuttgart. Porsche enjoys growing popularity as a partner in motorsport advertising and sponsoring. Alongside the existing partnerships with the brands Veltins, Tudor, Loctite, ZF Sachs, BBS, Fein, Hazet, MAN and Sigma, many other associations were renewed and intensified. The contracts of Porsche AG with ExxonMobil and Michelin as worldwide cooperation partners were extended, as were the motorsport cooperations with adidas, Emitec, Brembo, Ultimate, BT Bremsen Technik and Stand 21. Rolf Benz, WMF and Darboven continue as hospitality partners.
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911 GT3 R Hybrid Celebrates World Debut in Geneva

Porsche Intelligent Performance makes Racing Cars even More Efficient

Stuttgart. Exactly 110 years after Ferdinand Porsche developed the world’s first car with hybrid drive, the Lohner Porsche Semper Vivus, Dr. Ing. h.c. F. Porsche AG, Stuttgart, is once again taking up this visionary drive concept in production-based GT racing: During the Geneva Motor Show, a Porsche 911 GT3 R with innovative hybrid drive is making its debut, opening up a new chapter in the history of Porsche with more than 20,000 wins in 45 years scored by the extremely successful Porsche 911 in racing trim.
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Porsche and Volkswagen continue to be profitable.

Prof. Winterkorn presents the Porsche SE financial statement.

Stuttgart. This Wednesday in Stuttgart, Porsche Automobil Holding SE presented its company figures for the business year 2008/09, which covered Porsche operations from August 1, 2008 to July 31, 2009 and Volkswagen business for the six-month period from January to June 2009. This is because Porsche SE increased its voting share in Volkswagen AG above 50 percent on January 5, 2009, leading to a full consolidation.

In his first official act as the new chief executive officer of Porsche SE, Prof. Dr. Martin Winterkorn emphasized that both Porsche AG and Volkswagen AG continue to be profitable businesses, despite the difficulties on global markets. The company’s operating results for the reporting year stood at
1.9 billion euros. Within this, Porsche AG recorded a profit margin of 10.3 percent, and Volkswagen of 2.4 percent.
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