Porsche Sales Rise 4%, Company Confident About Growth
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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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Sales at German-US carmaker DaimlerChrysler rise 2.1%, as Chrysler makes up for weakness at luxury marque Mercedes.
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Company ramps up to increase production as demand for new handheld exceeds expectations.
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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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Strong sales of Mercedes models in the US last month helps offset a decline in German demand as VAT rises.
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German sports car maker Porsche  (PSHG_p.DE) aims to raise its stake in German car maker  Volkswagen (VW)  to 51 percent, the German current  affairs weekly Der Spiegel reported.
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German auto giant Volkswagen posted strong third-quarter results Friday and restated a record full-year sales target as Chinese and South American growth offset slumping turnover at home and in the United States.
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Fourth-quarter earnings at the Industrial conglomerate  rose to 1.06 billion as sales rose across each of segments, with aerospace unit Sikorsky and Otis leading the way, the company said.
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The world's largest watchmaker, Swatch Group AG, said Wednesday that its 2004 sales rose more than 4 percent to 4.15 billion Swiss francs (&#36;3.49 billion) from 3.97 billion francs the previous year, largely due to good results from its luxury watch business.
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Toyota, the world&#39;s most profitable car company, yesterday shrugged off a looming steel shortage and said it expects sales to gain 8pc next year after a 10pc rise in 2004.
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Healthy sales of software and technology services helped fourth-quarter profit rise 12 percent at International Business Machines Corp., which had already disclosed that the results would be way ahead of analysts' forecasts.
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Volkswagen says full-year profits more than double fuelled by unit sales and increased demand for new models.
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DaimlerChrysler AG  said on Friday U.S. vehicle sales rose 5 percent in November from a year earlier, when the automaker scaled back big discounts.
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The company, which is in the midst of restructuring its business to lift sales, reported strong revenue growth across all divisions.
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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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Chrysler Group sales outside North  America rose 9 percent in February to 15,194 units, the U.S.  arm of DaimlerChrysler (DCXGn.DE) said on Monday.
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The increase resulted from a sharp rise in sales in its business software unit, the company said.