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- - Porsche Earnings (http://www.motorworld.net/forum/showthread.php?t=51714)

5vz-fe

11-12-2007 05:01 PM

Porsche Earnings

Quote:

BERLIN (AP) -- Luxury sports car maker Porsche AG said Monday that its net profit for fiscal 2007 more than tripled with help from a revaluation of its 22 percent stake in Volkswagen AG and strong results from its core business.

http://money.cnn.com/news/newsfeeds/...3-20924740.htm

I hope they did not cut corners on thier cars in the process of achieving those insane numbers.

gucom

11-12-2007 05:41 PM

well Volkswagen is such an enormous company, a revaluation of a 22% stake could run in the tens to hundreds of millions of dollars easily, it could easily make up for a doubling of profits i suppose... i'll have a look at their annual report sometime soon, they've been doing awfully well in the past 10 years and I might just have some cash stowed away somewhere :wink:

5vz-fe

11-12-2007 07:32 PM

^LOL, no, they are just gonna make it uglier to prove to the world that rich ppl will buy anything with a nice badge.

nthfinity

11-12-2007 08:55 PM

At this rate, in 5 years time, Porsche AG will have a 30% stake in GM :shock: LOL

Well done !

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