• Oct 6, 2007
While comparing Porsche to General Motors is beyond a stretch, we couldn't help but think about last week's UAW strike against the General while reading about Porsche giving away $7,350 in bonuses to over 8,000 full-time employees. Must be nice to be part of a profitable automaker – even if it's from sales of the Cayenne.

The automaker hailing from Stuttgart sold 97,515 cars during its fiscal year, ending on July 31. Those sales rose over the same period by 3.4-percent, bringing total income to $10.5 billion for the year. When the accountants finally get done doing the math, it's expected that Porsche will make a pretax profit that's considerably more than the approximately $3 billion it made last year. Good news for everyone involved, and it's certainly nice to see an automaker passing along the profits to its workers.

[Source: IHT]


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  • 23 Comments
      • 7 Years Ago
      howard, it's "howardisatroll", with a double l.
      • 7 Years Ago
      How is a 911 Turbo overpriced?

      $120,000ish and comparable performance to cars over $200,000. I call that a damn good deal.
      Carlos
      • 7 Years Ago
      When I graduate with my ME BS degree I would love to work for Porsche.
      • 7 Years Ago
      There's a reason why they call them options. You don't have to pick them.

      http://www.ec2biz.com
      • 7 Years Ago
      They better complete their purchase of VW, or by the next downturn in the economy Porsche will be hurting just like all the times before.
        • 7 Years Ago
        You do understand that any downturn will always result in an upturn for a few? There are always some that prosper even during a depression. And the US is just one *foreign* market where Porsche operates. It would have to be a severe global depression of enormous magnitude for it to affect Porsche. And if that happens it'll be so bad we're all screwed!
      • 7 Years Ago
      You do understand that any downturn will always result in an upturn for a few? There are always some that prosper even during a depression. And the US is just one *foreign* market where Porsche operates. It would have to be a severe global depression of enormous magnitude for it to affect Porsche. And if that happens it'll be so bad we're all screwed!
      • 7 Years Ago
      Good for Porsche! If more automotive corporations treated their employees this way we'd get safer, more reliable products. When a corporation gives everyone a sizable bonus, it sends a clear message that the work of each employee is important. The traditional aristocratic model used by American auto manufacturers communicates a double standard that demotivates the people assembling the product.
      Maybe if GM adopted this practice, they could finally and completely close the quality gap with Toyota and Honda. but then, the execs would have to be willing to give up the multimillion dollar compensation packages. That's about as likely as George H. W. Bush endorsing Hillary for President.
      • 7 Years Ago
      It is really nice to see a company that values their employees. Most companies would give that money to the shareholders and what you end up with are employees that don't take stake in the product they build. Give me a big bonus like that and you bet I will work harder at my quality of workmanship.
        • 7 Years Ago
        Howard, get over yourself.
        There is doing your job and there is going for broke. Someone can do all that is expected of them and bring home the paycheck they are promised for doing that job. Then, if your company rewards performance in a way meaningful to you, you can do more in anticipation of a reward (promotion, bonus, name your perk). Why go beyond the call if there is no payoff for you. Otherwise, just work for free and let the company reap the rewards of your toil.

        My father didnt work for free and neither did his father so dont say its a generational thing.
        • 7 Years Ago
        What your saying is you don't give your employer an honest days work for an honest days pay! SHAME, SHAME! YOUR EMPLOYER GIVES YOU A PLACE TO MAKE A LIVING, WARM/COOL WORKING CONDITIONS, FAMILY BENIFITS AND ALL THE OTHER THINGS THE AMERICAN WORKER HAS COME TO DEMAND AND YOU SAY YOU WOULD DO A BETTER JOB FOR A BONUS! I HOPE YOUR BOSS READS YOUR NAME ON THIS BLOG AND CUTS YOUR PAY ACCORDING TO YOUR HOURLY OUT PUT AND I'LL BET YOUR UNDER 30 YRS OLD AND WANT WHAT MOM AND POP WORKED 40 YEARS TO GET, TOMORROW!
        • 7 Years Ago
        You do know that shouting in caps warns everybody to ignore you right?
      • 7 Years Ago
      Guys, this is $40,000,000 - its a drop in the bucket for the company, but a huge reward to employees.

      Sounds like a good move to me! Keep people happy and productive.
      • 7 Years Ago
      Shows you how overpriced those cabbage burners are.
      I hope none of the awarded employees were the slugs who built my crapola 1985.5 Porsche 944. That piece of junk was second only to the colossal junker 1973 Audi 100 that I bought. Both were new and both were in the dealer's more than in my garage.
      • 7 Years Ago
      Awesome move!
      • 7 Years Ago
      I keep saying, BUY THE BEST, BUY AMERICAN. THAT OTHER JUNK IS USED AS A STATUS SYMBOL ONLY, KEEPING UP WITH THE JONSES AND THEY'RE TRYING TO KEEP UP WITH THE SMITH DOWN THE STREET! BUY AMERICAN AND YOU WILL HAVE A RIGHT TO COMPLAIN IF IT GOES BACK FOR A RECALL. VERY FEW PEOPLE COMPLAIN WHEN THEY HAVE TO TAKE THEIR $100,000 PIECE OF JUNK BACK FOR A RECALL, THEY DON'T WANT THEIR NEIGHBOR TO KNOW IT'S DEFECTIVE!
        • 7 Years Ago
        howardisatrol; I didn't thank for refering to my Plymouth Acclaim as an AUTOMOBILE. I had to write two letters to Lee Iacocca when he was with Chrysler for refering to Chrysler as a CAR business. I told him he left the CAR business when he left Ford and, now he's in the AUTOMOBILE BUSINESS, he finally changed the copy to read AUTOMOBILE BUSINESS.
        • 7 Years Ago
        WOW, HOWARD. I FEEL YOUR RAGE BECAUSE YOU TYPE WITH THE CAPS LOCK ON. THAT'S HEAVY, MAN. $100k piece of junk? So, since the car is going to undergo wear and tear anyway, I should just ditch the Porsche and buy a fine piece of American machinery like....a used Cavalier? Hey, it'll get me from A to B, right? And no need to worry about paying for expensive options at the dealership. And when that falls apart, I should just buy another? Thanks, but I'll enjoy rolling in my "Euro-Trash" while you enjoy your "fine American automobile."
        • 7 Years Ago
        No, buy the very best, buy German!
        • 7 Years Ago
        howardisatrol; IF you do in fact own a PROSCHE, by all means keep it! Even though it's not on my list of wants, I envey those who not only can afford to make the initial purchase but have the income to support it after they make it. I see a lot of poor persons driving $65,000 LEXUS but live in sub standard housing to live the life style. so, howardisatrol, more power to you! I unfornatly drive a 1991 Plymouth Acclaim with 300,000 plus miles on it and just got back a week ago from a 6025 mile trip in it with no problems and when I parked it at the Cassinos I didn't worry somebody who was jealous of my having it was going to KEY it for me! Hey, my key board worked fine on this one.
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