Is Porsche Struggling?
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Lexus Champion
Joined: Sep 2010
Posts: 2,439
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From: CA
Is Porsche Struggling?
I looked up Forbes 2000 list, the 2000 biggest public companies in the world.
I look at Porsche
Rank: 1,135
Sales: $0 M (?)
Profit: -$523.2 M
Assets: $36.7 B
Market Value: $13.5 B
^It has to be an error, right? $0 sales in 2011? Profit is negative half billion?!
Are these guys struggling or what?
http://www.forbes.com/global2000/lis...ompanyRevenue1
I look at Porsche
Rank: 1,135
Sales: $0 M (?)
Profit: -$523.2 M
Assets: $36.7 B
Market Value: $13.5 B
^It has to be an error, right? $0 sales in 2011? Profit is negative half billion?!
Are these guys struggling or what?
http://www.forbes.com/global2000/lis...ompanyRevenue1
Lexus Fanatic
Joined: Jan 2005
Posts: 20,246
Likes: 275
this seems like a good read from 2009:
http://www.spiegel.de/international/...637243,00.html
since then VW has indeed purchased Porsche and now is controlling it... there were other reports of Porsche management not wanting to listen to their Audi peers :-).
http://www.spiegel.de/international/...637243,00.html
since then VW has indeed purchased Porsche and now is controlling it... there were other reports of Porsche management not wanting to listen to their Audi peers :-).
Pole Position
Joined: Nov 2009
Posts: 295
Likes: 0
From: CA
I recommend you read this article too. It relates to what Spywolf is talking about.
http://news.bbc.co.uk/2/hi/business/7843262.stm
http://news.bbc.co.uk/2/hi/business/7843262.stm
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Lexus Champion
Joined: Jan 2008
Posts: 3,906
Likes: 6
From: NJ
A quick read on the Porsche annual report shows:
"Vehicle sales and production figures are not presented for FY2009/FY2010 due to the deconsolidation of the former subgroup Porsche and Volkswagon in the FY2009/FY2010
A proposal for the appropriation of profit was not available for the submission to the annual general meeting by the time the financial statements were authorized by the executive board."
Meaning the the website was pulling data from the source but didn't bother checking to see if it makes sense. I guess Porsche is still trying to figure out how to allocate expense and profits between all the units after the failed takeover attempts.
"Vehicle sales and production figures are not presented for FY2009/FY2010 due to the deconsolidation of the former subgroup Porsche and Volkswagon in the FY2009/FY2010
A proposal for the appropriation of profit was not available for the submission to the annual general meeting by the time the financial statements were authorized by the executive board."
Meaning the the website was pulling data from the source but didn't bother checking to see if it makes sense. I guess Porsche is still trying to figure out how to allocate expense and profits between all the units after the failed takeover attempts.
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Apr 12, 2010 07:20 PM