Porsche hopes to match last year's 2.4 billion euro profit in 2013March 15, 2013 11:34 CET  Porsche is aiming to match last year's profit in 2013, the company said on Friday. In 2012 Porsche posted an operating profit of 2.44 billion euros ($3.17 billion). Porsche said net debt dropped to 1.87 billion euros at the end of December from 2.58 billion at the end of 2011.... Read More »
Porsche extends CEO Mueller's contractJan. 25, 2013 11:09 CET  Porsche will extend the 3-year contract of its CEO, Matthias Mueller, by one year to October 2014. Mueller, 59, took over the top job at the sports car maker from Wendelin Wiedeking in 2010.... Read More »
Porsche shores up profitability dominance with labor accordDec. 13, 2012 13:49 CET  Porsche will shore up its industry-leading profit margins by cutting the number of labor hours required to produce a vehicle.... Read More »
Porsche ponders sports car; no decision yet on small sedanDec. 3, 2012 06:01 CET  Porsche will add at least four new vehicles by 2018, including the Macan mid-sized crossover and 918 Spyder hybrid sports car due next year. Under discussion are a sports car slotted between the 911 and 918 Spyder and a sedan smaller than the Panamera.... Read More »
Porsche expects record year on China, U.S. demandOct. 25, 2012 12:51 CET  Porsche said it expects a record year in 2012 after reporting a 23 percent jump in nine-month operating profit to $2.44 billion, driven by robust demand from China and the United States and strong sales of the Cayenne SUV and new-generation 911 sports car.... Read More »
Porsche may delay new models, cut productionSept. 19, 2012 12:16 CET  Porsche will reduce investment spending and cut costs next year to offset lower-than-expected car sales and maintain its high profitability. "We will possibly delay the one or the other project," Porsche CEO Matthias Mueller said.... Read More »
Porsche profit jumps on 911 demand as VW purchase nearsJuly 27, 2012 11:49 CET  Porsche said first-half profit jumped 21 percent on demand for the new-generation 911. Operating profit rose to 1.26 billion euros from 1.05 billion euros a year earlier. Porsche posted a profit margin of 18.7 percent in the first half, beating VW Group's 6.8 percent return on sales.... Read More »
CARS & CONCEPTS Porsche drops 2-seater plan 12:01 am U.S. ET | May 21, 2012  Porsche has dropped plans to build a two-seat sports car that would have been smaller and cheaper than the Boxster, CEO Matthias Mueller told a German newspaper.... Read More »
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