Subscribe free to our newsletters via your
. GPS News .




CAR TECH
Porsche says China sales drive profits sharply higher
by Staff Writers
Berlin (AFP) May 3, 2012


Strong demand from China, Germany and the United States drove first-quarter sales at German luxury car maker Porsche one-third higher, making it the German sector's most profitable company.

The Stuttgart-based company posted 3.0 billion euros ($3.9 billion) in sales during the first three months of the year, up 32 percent in an annual comparison, with operating profit rising 18 percent to 528 million euros.

Its operating margin amounted to 17.5 percent, down from 19.5 percent one year ago, while that of its German high-end rivals BMW, Audi and Mercedes hovered around 12 percent.

Sales of Porsche's iconic 911 sportscars soared nearly 40 percent to 8,417 units after it unveiled an updated model, while turnover for its Cayenne sport utility vehicle climbed 18 percent to 17,913 units.

However its smaller Boxter and Cayman models saw sales plunge by 63 percent to 1,469 units, with potential buyers holding out for the launch of new versions.

.


Related Links
Car Technology at SpaceMart.com






Comment on this article via your Facebook, Yahoo, AOL, Hotmail login.

Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle








CAR TECH
Ford, GM sales skid as Chrysler, Toyota accelerate
Chicago (AFP) May 1, 2012
General Motors and Ford saw their US sales skid in April as rivals Chrysler, Toyota and Volkswagen posted strong gains, industry data showed Tuesday. Total industry sales rose 2.3 percent from a year ago, while the sales pace was unchanged from March at a seasonally adjusted, annualized rate of 14.4 million vehicles, according to Autodata. "When you look back at the first few months of t ... read more


CAR TECH
Bioluminescent technology for easy tracking of GMO

China's Bright Food says it will buy 60% of Weetabix

Drought leaves mark on Chile's wines

New study sheds light on debate over organic vs. conventional

CAR TECH
Electric charge disorder: A key to biological order?

With new design, bulk semiconductor proves it can take the heat

Electron politics: Physicists probe organization at the quantum level

X-rays reveal molecular arrangements for better printable electronics

CAR TECH
China Eastern to buy 20 Boeing 777-300s

JAL could go public again in July 2012: report

All Nippon Airways boosts profit, sales forecast

Slovenian adventurer ends eco-friendly trip around the world

CAR TECH
Porsche says China sales drive profits sharply higher

Ford, GM sales skid as Chrysler, Toyota accelerate

Chinese tastes impact global car designs

Foreign carmakers 'pressed' to launch China brands

CAR TECH
Canada firm promises Romania $30 bn in gold mine benefits

Brazil's Lula slams rich countries and IMF

US pushes China to allow yuan rise, speed reforms

China vows to boost imports ahead of US talks

CAR TECH
Green groups say Indonesia deforestation ban 'weak'

Bolivian natives begin new march in road protest

Do urban 'heat islands' hint at trees of future?

Palms reveal the significance of climate change for tropical biodiversity

CAR TECH
Report warns of rapid decline in US Earth observation capabilities

Lockheed Martin Completes Key Integration Milestone on GeoEye-2

NASA Image Gallery Highlights Earth's Changing Face

Risat-1 satellite raised to its final intended orbit

CAR TECH
Nanotech gets boost from nanowire decorations

Single nanomaterial yields many laser colors

Creating nano-structures from the bottom up

Notre Dame paper examines nanotechnology-related safety and ethics problem




The content herein, unless otherwise known to be public domain, are Copyright 1995-2014 - Space Media Network. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA Portal Reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement,agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement