21799 €uro

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german tony

Original Poster:

2,000 posts

209 months

Tuesday 23rd January 2007
quotequote all
21799 €uro - That's how much average profit, before tax, my local (German) paper says Porsche make per car.

Leaving to 1 side any comments on the nature of libel law in Germany for the moment & the fact that Porsche are quoted as saying that the figure includes some "special/unusual effects" (sondereffekte), what if it were true?

Would explain perhaps how such a small company could have so much cash lying about that it could buy it's way into VW/Audi.

Might also suggest that Porsche customers were paying way over the odds for their cars.

Of course these "special/unusual effects" may actually be the profits from Porsche's consultancy business that have wrongly been included in the study but if that's true, why not just say so?

For comparison the same study gives:-

BMW - 2475 €uro/car av.
Toyota - 1684 €uro/car av.
Audi - 1580 €uro/car av.
DaimlerChrysler - 708 €uro/car av.
VW - 332 €uro/car av.

Thoughts?

german tony

Original Poster:

2,000 posts

209 months

Tuesday 23rd January 2007
quotequote all
Yeah but it's 9 times what BMW make...

german tony

Original Poster:

2,000 posts

209 months

Tuesday 23rd January 2007
quotequote all
The point is that BMW are the 2nd best in the survey in terms of profit.

& I'm NOT objecting to profit.

Nor am I objecting to what Porsche owners pay, I'm not 1 & am unlikely to be 1 as doing so would give my customers entirely the wrong idea.

Am merely pointing to this as being a very suspect figure, hell, that's what Porsche themselves say it is.

As I believe I mentioned in the original post...

german tony

Original Poster:

2,000 posts

209 months

Wednesday 24th January 2007
quotequote all
So if we take out the 100 million profit from their currency swop deals how much did they make per car?

It's still an enormous amount isn't it?

Way more than the 2nd best, BMW.

So, to answer a question, do I believe it to be a good thing or not?

Well it's good for Porsche & presumably as all Porsche buyers are dedicated marque fetishists they are happy too.

Me personaly? I really don't give a rat's bottom whether dedicated marque fetishists are being ripped off or not.

However I suspect that deep down inside some of them do.

Edited by german tony on Wednesday 24th January 08:39

german tony

Original Poster:

2,000 posts

209 months

Thursday 25th January 2007
quotequote all
Might be nice if they paid tax they owed rather than swopping their profits for shares in VW, a (partly) publically owned company.

german tony

Original Poster:

2,000 posts

209 months

Thursday 25th January 2007
quotequote all
Now, I didn't point the fingure of accusation as to who was responsible for the situation did I? I just indicated that I don't like it.

As for racing, they do - 's called sportscars

german tony

Original Poster:

2,000 posts

209 months

Thursday 25th January 2007
quotequote all
Do Porsche run a works team? Isn't that what the LMP 2 car is all about? Unofficially.