Porsche predicts to be profitable again in 2011

After a three-year loss, Porsche Automobil Holding SE predicts to be profitable again in 2011 based on sales of the Panamera sedan and because of the drop in the costs linked to a merger with Volkswagen AG. Porsche said it has set a goal to break even in the last five months of 2010. Porsche, which will switch to calendar-year reporting next year, said that the net loss in the 12 months ended July 31 fell to 454 million euros ($633 million) from a loss of 3.56 billion euros a year earlier.
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Steve - 10/16/2010 3:45:49 PM

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I am SO not a BMW FanBoy, but they are an excellent example of how to remain consistently profitable, even in down economies, recessions, or after a debacle like buying Rover, and then paying billions to have someone take it off your hands. For more info, read the book "Driven: Inside BMW, the world's most admired car company." Love' em or hate 'em, BMW does some thing very right.

And... Kudos to Porsche for turning it around! I'd hate to see a world without Porsche doing their stuff. It would be a very sad loss. Glad to hear they're heading back to "healthy."