Robust Macan Sales Result In 25% Boost In Porsche Profits

Porsche said its profit jumped 25 percent last year to a record, providing much-needed support to parent Volkswagen Group as it braces for the high cost of resolving its emissions-cheating scandal.

Operating profit increased to 3.4 billion euros ($3.78 billion), and revenue improved 25 percent to 21.5 billion euros, Porsche said today in a statement.

Following a boost last year from the rollout of the Macan compact SUV, delivery growth is set to slow this year. Porsche also faces substantial expenses for developing its first fully-electric model and expanding its manufacturing network.

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TheSteve - 3/11/2016 12:26:00 PM

0 Boost

It's a fine and respectable vehicle! (FWIW, I consider it a crossover, as I find it too small to be an SUV).

Does anyone remember the days when AutoSpies members were arguing whether Porsche should venture into SUVs, or stick with what they know best, sports cars?