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Porsche profit soars on Volkswagen stake
Clipped to the Drawing Board by John William  

LONDON (MarketWatch) -- Germany's Porsche on Friday said first-half profit will rocket to over $1 billion, thanks to substantial gains from building its stake in Volkswagen, though sales have fallen as it prepares to introduce the latest version of its Cayenne sports utility vehicle.

The auto engineering company, which also makes the iconic 911 sports car, said it feels more optimistic for the year as a whole and now expects to match the profit it achieved in the previous fiscal year.

 

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Powered by JoomlaCommentCopyright (C) 2006 Frantisek Hliva. All rights reserved.Homepage: http://cavo.co.nr/
Tuesday 13 November, 2007 06:03 PM
 
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