Porsche popularity surges
Saturday 25 March 1995
Despite the strong mark, sales in the half-year to January rose from 7,033 to 10,043, with Porsche seeing a good export performance. The company said it expected to break even in the year to July, against a net loss of DM150.2m last time.
The German market is still the biggest for Porsche, but US sales continue to grow and now account for a third of turnover. American sales doubled to 3,293 from 1,746.
The company made revenues of DM1.188bn for the six months and forecasts DM2.5bn of sales for the year.
The results reflect the trend among sports and luxury car makers. Jaguar saw sales rise 30 per cent in 1995, with a surge in Germany of 83 per cent and a doubling in sales in Japan.
With UK sales of luxury cars rising 11 per cent this year, they have outperformed the rest of the market by 4 per cent. Ian Wheeler, finance director of luxury car dealer Pendragon, explained the rise. "In the early 1990s this part of the industry was suffering the most, and now it is increasing the most."
peopleContenders for Time magazine's Person of the Year are a mixture of the good, the bad and the holy
newsAs the world remembers Mandela the hero, the prison where he spent 27 years seems all the more brutal
tvSteven Moffat reveals the actor was dying to take on the role of the Time Lord and says he is excited to see what he will do with the character
The ten coldest places on Earth
Sir Ian McKellen hits back at Damian Lewis' 'fruity actor' claims
Kenyan politician Mike Sonko left red-faced after photoshopping himself next to Nelson Mandela
Krokodil in Mexico? Teenager hospitalised after 'injecting drug into her genitals'
Nelson Mandela memorial: Cheers, jeers and a masterclass from Barack Obama that stole the show
- 1 Mountain goats' miraculous escape from avalanche captured in dramatic video footage
- 2 It’s shameful that our universities have accepted gender segregation under pressure from the most oppressive religious fanatics
- 3 Sir Ian McKellen hits back at Damian Lewis' 'fruity actor' claims
- 4 Kenyan politician Mike Sonko left red-faced after photoshopping himself next to Nelson Mandela
- 5 Selfie at funeral: Cameron squeezes in on Obama snap at Mandela memorial
- < Previous
- Next >
iJobs Money & Business
£45000 - £55000 per annum + Training and Benefits : Harrington Starr: A leadin...
£59999 - £80001 per annum + Benefits: Pro-Recruitment Group: Senior Manager in...
attractive: Citifocus: Highly prestigious Investment Management house based in...
£70000 - £90000 per annum + benefits + bonus: Pro-Recruitment Group: Our leadi...