Planet 9

Note: I wanted to post this in the News section, but apparently I don't have the system privilege to so.

The Good News: Profits, announced today, exceeded expectations, due primarily to excellent performance of Volkswagen shares.

The Bad News: Sales have slacked off compared to previous period, particularly on the highly profitable Cayenne (the new versions of which will be introduced in Geneva this week), and the North American market, responsible for 40% of sales, puts the company at risk in a recession. Porsche stock declined today to a greater extent than the overall index.

News report in German here:

http://www.faz.net/s/RubD16E1F55D211...~Scontent.html

Sex_Zylinder

I am not sure how that will affect the consumer, at least the Cayman consumer. I don't own the stock, but I do want to see Porsche continue as one of the most profitable car makers out there. The SUV market around the world has taken a beating so that was expected.

Russ

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I think people need to realize that when you have sales increases like Porsche has been seeing in the last 3 years, it gets real hard to continue to follow them up with continued gains.

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Gator Bite
PCA Cayman Register Advocate