Even Porsche Can't Sell Cars
Tweet
Share
E-mail
Porsche said revenues were down 14.3% in the first six months of the current business year, August 1, 2008 thru January 31, 2009. Vehicle sales in the first half decreased by 27.3% to approximately 34,000 units.
Specific vehicle performance:
- 911 accounts for 13,500 units sold (previous year: 16,263 units)
- Porsche's mid-engine sports car amounted to approximately 3,900 units (previous year: 9,835 units)
- The Cayenne reached a sales volume of approximately 16,600 units (previous year: 20,638 units)
The semi-annual report of Porsche Automobil Holding SE will furthermore for the first time comprise consolidated accounts, since the share of Porsche Automobil Holding SE in Volkswagen AG, reaching 50.76 per cent of VW's ordinary stock on 5 January 2009, for the first time exceeded the 50 per cent threshold.
Specific vehicle performance:
- 911 accounts for 13,500 units sold (previous year: 16,263 units)
- Porsche's mid-engine sports car amounted to approximately 3,900 units (previous year: 9,835 units)
- The Cayenne reached a sales volume of approximately 16,600 units (previous year: 20,638 units)
The semi-annual report of Porsche Automobil Holding SE will furthermore for the first time comprise consolidated accounts, since the share of Porsche Automobil Holding SE in Volkswagen AG, reaching 50.76 per cent of VW's ordinary stock on 5 January 2009, for the first time exceeded the 50 per cent threshold.
You May Also Be Interested In
- This EU stock is Berenberg's top pick in luxury
- These 2 companies are best positioned to scale in U.S. AV market
- Buy this high-quality civil aerospace franchise: Goldman
Create E-mail Alert Related Categories
Insiders' BlogSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
