Sports Car Revamp Revs Up Porsche Sales
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German carmaker Porsche expects its streak of strong earnings to continue in the current fiscal year that ends in July, the company said on Wednesday.
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Porsche's new 911 Turbo Cabriolet is an open-top rocket. Even on a wide-open autobahn, our reviewer is too scared to put it in top gear.
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German sports car maker Porsche's  stake of almost 30 percent in Volkswagen  is enough to assert its interests in Europe's biggest carmaker, Porsche's chief executive told a German newspaper.
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German luxury sports car maker Porsche is trying to boost its stake in Europe&#39;s biggest automaker Volkswagen to acquire majority control, German media reported Sunday citing unnamed sources.
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Porsche AG, Europe&#39;s most profitable carmaker, said it&#39;s ``confident&#39;&#39; about growth in the current fiscal year after four-month sales rose 4 percent as the company sold more 911 sports cars and Cayenne sport-utility vehicles.
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Third-quarter operating profit at Volkswagen  rose more than 50 percent thanks to resurgent earnings at its core VW brand after the world's fourth-largest carmaker cut thousands of jobs last year.
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Porsche, the German maker of luxury sports cars, wants to extend working hours and cut jobs, its chairman said in a newspaper interview at a time when other car makers in Germany are also drastically reducing their workforce in an attempt to drive down costs.
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Strong sales of Mercedes models in the US last month helps offset a decline in German demand as VAT rises.
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FILDERSTADT, Germany (Ticker) - A day after struggling in her first appearance as the world&#39;s top player, Amelie Mauresmo swept into the semifinals of the Porsche Tennis Grand Prix on Friday.
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Global sales of Volkswagen  brand passenger cars increased 10.3 percent year-on-year in November to 324,000 vehicles, the German carmaker said on Sunday.
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Porsche, the German maker of luxury sports cars, said that the popularity of its Cayenne sports utility vehicle enabled it to brave the difficult economic environment and steer profits to record levels in the 12 months to July.
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Poland's membership in the European Union has prompted a surge in imports of used cars from neighboring Germany, lowering the price of new and used cars in Poland, automotive specialists said Tuesday.
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The increase resulted from a sharp rise in sales in its business software unit, the company said.
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DaimlerChrysler AG said on Sunday that  its global car sales for 2004 rose 2.1 percent to 3.9 million  units.
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STUTTGART - Despite signs of a global economic slowdown, two of Germany&#39;s leading luxury carmakers - Porsche AG and BMW AG - have said they are off to a strong start to their new business years.
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DETROIT  -Consumer incentives offered on new cars rose nearly 2 percent in May from a month earlier in the U.S. market, according to a report released on Friday.
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Western European car sales jumped by 7.7 percent on the year in December, due to higher demand in Germany, the Association of European Auto Manufacturers said Friday.