Porsche is expected to release another set of high profit figures for this financial year on the back of its growing stake in VW and its own successful sports car range, but despite this success the carmaker is critical of the poor performance of some of its rivals and the U.S. government bailout.
Porsche experienced a year of record profit last year, earning a profit of €4.24 after tax. Sales also reached record levels, earning the company revenues of €7.4 billion. These figures are expected to be improved upon this year, according to Porsche CEO Wendelin Wiedeking.
In a speech in the city of Frankfurt, Wiedeking affirmed that Porsche is better than it has ever been and that shareholders will be "rejoicing" at the coming financial results, reports Auto Motor und Sport.
Be sure to check out our latest Audi Mileage Marathon updates!
Read Article