BLOG: Paul McVeigh

Porsche is Volkswagen's profit champion

Posted 12:01 am U.S. ET, March 13
blogs Paul McVeigh is Managing Editor at Automotive News Europe
The true worth of the Porsche sports car brand to Volkswagen Group became apparent today when VW released its 2013 financial results. Porsche's operating profit last year was 2.6 billion euros ($3.6 billion) on revenue of 14.3 billion euros, giving the sports car brand an 18 percent return on sales. At 5.0 billion euros, Audi's operating profit was almost twice as much a ...
     Continue reading "Porsche is Volkswagen's profit champion" » Mar 13, 2014 12:01 am U.S. ET
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