Porsche earns $7.3 billion due to VW options

richardposluszny submitted on 3/31/2009 Official Bell & Ross Timestamp: 2:43:53 PM

10 user comments | Views : 4,044 | Category: Misc News | Source: | SOURCE: www.marketwatch.com

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The world's best trading desk during the latter half of 2008 belonged to Porsche Automobil Holding, as the automaker made a 5.

55 billion euro ($7.3 billion) profit over six months in large part by catching out those who bet against Volkswagen.

Porsche said in the six months to Jan. 31 its profit climbed to 5.55 billion euros from 1.26 billion euros. Gains from dealing in VW shares contributed 6.8 billion euros to the Stuttgart automaker's pretax profit of 7.3 billion euros.

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User Comments

1dott8

yeah, about that...... this has nothing to do with toyota and lexus. enough said. next!

— 1dott8 (View Profile)

Posted on 3/31/2009 4:34:14 PM | reply to this comment | Votes: 3   

ThierryHenry14

Actually, Toyota makes $16.8 billion in 08. considering they sold roughly 8.4 million cars, and Porsche only sold fractions of that, I would say that Porsche is very profitable.

David, when you get to high school, you may learn about cost/unit and profitability...

— ThierryHenry14 (View Profile)

Posted on 4/1/2009 10:11:58 AM | reply to this comment | Votes: 2   

dumpsty

It was a series of smarter moves by Porsche, it seems. As investors wanted to cash-out of the automotive industry, Porsche was all too happy to purchase those seemingly declining shares.

They have made a powerplay for a controlling stake in VW and it's vast listing of subsidiaries; and it's paying off...in billions.

I'm sure a lot of people are scratching theirs heads on this one.

— dumpsty (View Profile)

Posted on 3/31/2009 5:04:16 PM | reply to this comment | Votes: 4   

DavidB5

Good job Porsche.

— DavidB5 (View Profile)

Posted on 3/31/2009 5:30:54 PM | reply to this comment | Votes: 3   

veyron1001

Porsche can own GM and Chrysler with the money they bring in.

— veyron1001 (View Profile)

Posted on 3/31/2009 7:29:24 PM | reply to this comment | Votes: 2   

I95SPEEDINGTICKETS

Could not have happened to a nicer bunch. Porsche should have held on to all those shares and let the Hedge Funds Collapse for their stupidity.

Bloody Parasites that do noting for the benefit of mankind.

Rant Over.

— I95SPEEDINGTICKETS (View Profile)

Posted on 3/31/2009 7:34:46 PM | reply to this comment | Votes: 3   

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