- Mar 17, 2011
Profit Proliferation: Porsche riding high on Cayenne, Panamera sales
Porsche Panamera – Click above for high-res image gallery
Porsche tripled its profits in 2010, thanks largely to profits from the Cayenne and Panamera. The Stuttgart-based automaker reported $960 million in profits before taxes and interest in 2010, up from $227 million the year before.
More impressive is the fact that those numbers represent a shortened fiscal year in 2010, meaning these things are moving like the proverbial hot cakes. Porsche's five-month revenue total increased 59 per cent to 3.87 billion Euros.
Porsche is hoping to expand its global sales to 200,000 by 2018, or roughly double the number of dreamboats it moves now. With sales climbing this quickly, that goal doesn't seem too far off.
All Photos Copyright ©2011 Michael Harley/AOL