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Industry: Email Alert RSS FeedPorsche leads carmakers.(Automobile Industry)
Automotive News Europe, May, 2004
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Byline: Sylviane de Saint-Seine
Porsche again led listed European automakers in the first quarter of 2004. Following a strong fourth quarter, shares of the German luxury carmaker rose 5 percent during the quarter.
Porsche's pre-tax profit increased 13.8 percent in the half year ending January 31, while sales rose 29 percent to [euro]2.85 billion. The increases were driven, to a major extent, by the Cayenne SUV.
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"Thanks to the Cayenne sports utility vehicle, Porsche is on track to again achieve record figures in the current business year," the company said. It ...
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