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Archive for the Porsche Financial Category


Porsche Financial: Porsche Sales Leap By 50% In May

Porsche news Porsche Financial Porsche Sales Leap By 50% In May Porsche Cars North America, Inc. (PCNA), importer and distributor of Porsche sports cars, Cayenne SUVs and the Panamera four-door sports sedan line-up in the United States, today announced May sales in the United States of 2,817 units compared to the same period last year [...]

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Porsche Financial: Porsche boosted its global sales by 52.8 percent during the month

Porsche news Porsche Financial 52.8 percent sales gain over the same month last year Porsche’s April sales figures are in and the results look good. The German automaker boosted its global sales by 52.8 percent during the month, fueled by strong gains in the United States. Porsche sold 11,741 vehicles worldwide during April, marking a [...]

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Porsche financial news – Porsche Reports Profit After Volkswagen’s Record First-Quarter Earnings

Porsche news Porsche financial Record earnings at VW and Porsche SE - car business Porsche financial news -Porsche SE, the holding company that owns 51 percent of Volkswagen AG (VOW)’s common shares, posted a profit on higher earnings at VW and its sports-car business. First-quarter net income was 691 million euros ($1.03 billion), the Stuttgart, Germany-based company [...]

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Porsche Prices $7 Billion Share Issue

Porsche Financial news Porsche SE, Schaeffler Group Selling 6.8 billion euros ($9.6 billion) in stock March 28 (Bloomberg) — Porsche SE, the German sportscar maker, and Schaeffler Group, which controls Europe’s second- biggest tiremaker, are selling 6.8 billion euros ($9.6 billion) in stock to cut debt in the busiest week for German equity sales since September. [...]

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Porsche is pushing 24-month leases for its 911

Porsche Financial news For the 24-month lease, Porsche cut the 911′s monthly payment by about 10 percent Porsche is pushing 24-month leases for its 911 and is running a six-month lease pull-ahead incentive on all of its sports cars to offset a shortage of low-mileage used cars. This year, 22 percent of all 911 lessees [...]

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Porsche will begin a 7.1 billion $ capital increase in the next few days

Porsche Financial 7.1 billion $ capital increase FRANKFURT, March 25 (Reuters) – Debt-laden German carmaker Porsche will begin a 5 billion euro ($7.1 billion) capital increase in the next few days, clearing the way for a merger with Volkswagen, two sources close to the deal said on Friday. Porsche Automobil Holding SE only earns investment [...]

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Volkswagen Takes Over Porsche’s Auto Trading Business

Porsche Financial Volkswagen Takes Over Porsche’s Auto Trading Business Integrated automotive group of Volkswagen and Porsche Volkswagen has acquired the operating business of Porsche Holding Salzburg (PHS) in accordance with previous announcements. The transfer of the automobile trading company takes place at a value of €3.3 billion on March 1, 2011. The registered office and [...]

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Porsche, Volkswagen and Audi make Donations for Japan’s Disaster Relief

Porsche Financial Porsche donated half a million Euros For disaster relief in Japan Volkswagen and Audi just donated a million Euros each and Porsche donated half a million Euros – all for disaster relief in Japan. It’s a fine representation of the heart of this massive company. For those of you keeping score, Volkswagen has been [...]

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Cayenne and Panamera help Porsche triple its profit

News Porsche Finance Porsche tripled profits in its shortened 2010 fiscal year as deliveries of the Panamera sedan and Cayenne SUV rose. Porsche AG said in an e-mailed statement that its earnings before interest and tax for the August to December period increased to EUR688 million ($960 million) from EUR227 million a year earlier. Five-month [...]

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Porsche faces new $1 bln lawsuit by hedge funds

News Porsche Finance Porsche faces new $1 bln lawsuit Reuters – Several prominent hedge funds, including Greenlight Capital LP and Tiger Global LP, have filed a new lawsuit accusing German automaker Porsche SE (PSHG_p.DE) of cornering the market in shares of Volkswagen AG (VOWG_p.DE), causing more than $1 billion of losses. The lawsuit was filed [...]

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