Porsche Emerges As World’s Most Profitable Carmaker

Porsche-LogoGerman luxury carmaker Porsche has been found to be the most profitable producer of vehicles across the globe. According to a fresh study, the Volkswagen brand earns most money per unit sold.

A global survey by the CAR Center at Duisburg-Essen University revealed Monday that German automaker Porsche earned an average of 17.056 euros ($22.160) per unit sold in 2012. The figure relates to profit before tax and interest.

“Porsche’s price policy has turned out to be very viable on global markets,” the head of the CAR Institute and automotive expert Ferdinand Dudenhöffer, said in a statement.

He added that the results of the study reflected the realities of a slumping European car market. Dudenhöffer noted that only automakers which did not focus primarily or even exclusively on the European market had been profitable.

Read the whole story at DW

Conversations