Agent009
Agent009
"If everything seems under control, you're just not going fast enough."
View My AgentSpace

Print this Page | Digg It | del.icio.us

Once the Student, Now the Teacher: Porsche Still The Most Profitable Auto Maker In The World
Porsche Chief Executive Wendelin Wiedeking loves to relax on weekends by rumbling around the farmed fields near his home in a tractor. But when it comes to running the worlds most profitable automaker, Wiedeking never takes his foot off the gas.

With sales growth fueled by one hit model after the next, Porsches revenues are set to double in the next five years, from $10 billion this year to $21.3 billion in 2012, according to Morgan Stanley (MS), while car sales zoom over the same period from 99,000 to nearly 200,000. And while many automakers struggle with squeezed profit margins, Porsche's earning power is the industry envy: For the fiscal year ended July 31, analysts forecast net profit of $2 billion, up 33%, and an operating margin of 19.8%.

Read Article
Once the Student, Now the Teacher: Porsche Still The Most Profitable Auto Maker In The World



Comments:

Images hosted in your AgentSpace can now be posted in the comments section using the following syntax (case matters):
[img]IMAGE URL[/img]
Example: [img]http://agent004.myautospies.com/users/150/Sample-Gallery/sample1.JPG[/img]
SupraNeverBackSupraNeverBack - 8/20/2007 2:38:29 PM
+1 BoostDrop the Boost Up the Boost
A lot of rich people still like to be ripped off.

reply to this comment
Agent009Agent009 - 8/20/2007 2:53:55 PMView My AgentSpace
+4 BoostDrop the Boost Up the Boost
I guess rich people getting ripped of is better than poor people, like other "nameless" brands do?


pushrod27pushrod27 - 8/20/2007 3:27:26 PM
+2 BoostDrop the Boost Up the Boost
Sure, who needs a 911? We'll all buy Supras and Celicas... Moron.


4x4rules4x4rules - 8/20/2007 4:02:47 PM
+2 BoostDrop the Boost Up the Boost
the great thing about supras and celicas...they are recyclable. Any junk yard is full of them. Nice cars? maybe-at one time. Timeless? Ask the junkyard guy.


4x4rules4x4rules - 8/20/2007 4:11:41 PM
0 BoostDrop the Boost Up the Boost
come on if my 17 year old son wanted to strap big exhaust pipes on a celica id let him.

reply to this comment
iepurilahiepurilah - 8/20/2007 4:15:18 PM
+1 BoostDrop the Boost Up the Boost
Porsche deserves this position because it has almost perfect engineering at reasonable prices.

reply to this comment
S4cabriofoxoneS4cabriofoxone - 8/20/2007 4:24:42 PMView My AgentSpace
+3 BoostDrop the Boost Up the Boost
Far from reasonable... but I'd still buy one.

Consider all the options they have on every model. There is only one vehicle they sell that doesn't have $40K+ worth of options: the Cayenne Turbo. That's IT. This is how they make their profits!


ThierryHenry14ThierryHenry14 - 8/20/2007 4:49:26 PM
+3 BoostDrop the Boost Up the Boost
Go Porsche... Still the most profitable and best performance in the industry...

reply to this comment
hk4sitehk4site - 8/20/2007 6:13:51 PM
+1 BoostDrop the Boost Up the Boost
I would never buy a new porsche as their resale tanks in about 4 years over 50%. I have owned several and have been satisfied with them until you repair them!


ThierryHenry14ThierryHenry14 - 8/20/2007 6:34:43 PM
+2 BoostDrop the Boost Up the Boost
So what brand keeps 50% over 4 years (not a sarcastic question)?

Well, I have yet to have to repair mine, and even if I had to repair it, I think all my joys with the vehicle (on track and road) outweighs the dissatisfaction.


Threepoint1415926Threepoint1415926 - 8/20/2007 8:10:21 PM
+2 BoostDrop the Boost Up the Boost
Porsche's have always been high maintenance vehicles-just like all high performance cars but that's not to be confused with highly unreliable vehicles.

What always gets me are these guys who went through college with a Corolla, never having changed the oil or rotated the tires, then they get all bent out of shape when their first Porsche takes 2 grand from them for a scheduled service.


sewingmachinesewingmachine - 8/20/2007 9:19:21 PM
+1 BoostDrop the Boost Up the Boost
i just dont get what u think. of course their gonna get bent out of shape when an oil change cost, equals a used car.


r_driver04r_driver04 - 8/21/2007 12:28:31 PM
+1 BoostDrop the Boost Up the Boost
And this is why 90% of drivers don't own a Porsche. But I'm gonna get mine!!!


S4cabriofoxoneS4cabriofoxone - 8/21/2007 1:01:27 PMView My AgentSpace
+2 BoostDrop the Boost Up the Boost
Honestly. Down 50% over 4 years isn't bad at all. It's actually very normal. Is 2.5 years old and it's dropped almost 40% already.

But you know what? I don't give a damn!


S4cabriofoxoneS4cabriofoxone - 8/21/2007 1:02:05 PMView My AgentSpace
+2 BoostDrop the Boost Up the Boost
*MY CAR* is 2.5 years old...

I don't know what happened there!


Threepoint1415926Threepoint1415926 - 8/21/2007 3:15:08 PM
+2 BoostDrop the Boost Up the Boost
But you're not talking about an oil change sewingmachine and that's why people like you seem to complain about the cost. This is an extremely complex and intricate machine that's race bread, not built for economy. You're talking about timing belts being changed, valve adjustments, clutch adjustments, wheel alignments, clutch plate wear checks, balance shaft drive belts and so on... There's no wonder that the best performing cars on the planet take a lot of upkeep! It's precisely those race components and constant attention to their details that keeps them that way. When buyers buy race cars they ought to know that they're not Corollas!! It's a wonder people dont complain about the maintenance fees of their personal jets too!


r_driver04r_driver04 - 8/21/2007 12:26:35 PM
+1 BoostDrop the Boost Up the Boost
911s are collectors items. What's a Supra or Celica? Toyota couldn't compete in the real sports car world huh. lol

reply to this comment
To post a comment for this story, you must first Login.

If you do not have an account, you will need to Register (It's Free!).

Most Recent Stories
Chrysler says 2011 Charger and 300 will pass fuel-economy standards2009 GMC Yukon XL DenaliFORD CEO Alan Mulally Will Drive to Washington D.C. To BEG For Money - But What Car Will He Drive To D.C.? His Lexus, OR Perhaps Maybe a Ford Product?Industry Sales Likely To Be Down 28% In November GM May Fare WorseLotus Evora order list includes 007 and Top Gear hostsEveryone Is On A Budget, But Are These 5 Your Choice To Keep Living Large?Could The Detroit Recovery Plan Really As Simple As Merging In To One?Fiat Abarth 500 receives Top Gear’s “Best Hot Hatch” awardDetroit Tells UAW They Can No Longer Pay For Idled Workers To Play Checkers2010 Porsche Panamera auto show debut delayedSwedish Government Confirms Discussions With Volvo and SAABBMW not putting MINI E into mass-productionTop Gear Car of the Year 2008 award goes to VW SciroccoNew Mitsubishi Lancer EVO X FQ-400: Limited Edition with 405HP2009 Nissan 370Z Driven in Japan2010 Jaguar XF-R spotted nearly finishedUAW wants limits on carmakers' executive payDoes It Hurt The BMW Brand Image When They Are Being Sold At Costco?2008 Essen Motor Show: Vw unveils Touareg North Sails EditionCarlsson releases limited edition automatic watchVideo: 2009 Mini Cooper Cabrio in actionPorsche Museum to open its gates on 31 January 2009Vw Eos White Night Edition unveiled at EssenUPDATE 1-German carmakers make fresh move to cut outputAudi R8 GT3 LMS Hits the Track (Video)GM UK takes two Top Gear awardsBMW Konfigurator Using Microsoft Surface for Product NavigatorHow About A Piece Of Kim Kardashian's Booty For The Holidays?Cars They Wish You'd Forget About - "Hey, they can't all be winners!"Acura V8 won't Arrive Until 2015: ReportBrabham M3 revealed at the Essen Show2008 Essen Motor Show: Dodge Challenger SRT8 by EibachNissan 370 Z Japanese Promotional VideElite Carbon Maserati Gran TurismoMarangoni M430 based on Alfa Romeo Mi.To2008 VW Scirocco Collectors’ Edition debuts at EssenFord at the top of the list for safety in accidentsBamford releases custom Rolex Daytona Ferrari red watchRolls-Royce RR4 to reveice Bmw’s iDrive technology2009 Vw Golf VI by ABT shows up at EssenConfessions of A Test Drive Junkie: Funny Experiences & Observations Behind The Wheel of Other People's Cars!Nissan changes its mind regarding the 2009 Chicago Auto ShowNew details of the next-generation of Audi A2 revealedTop 10 Most Popular Sport Utility PicksFar From Perfect? Mercedes-Benz ML320 BlueTec Diesel SUVQuestion Of the Day: Just How Long Will Gas Stay This Cheap?A New Maserati Quattroporte With A $35K Black Friday Discount? And The Spies Say DON'T Buy It?Confirmed: Audi To Replace R10 With R15 TDi In 2009GM Asks FAA To Keep Jet Movements ConfidentialBMW And German Brands Worry Openly About the Biggest Crisis Since WWII