| Author | Message | ||
| Ernesto Sgroi (T88power)
Junior Member Username: T88power Post Number: 242 Registered: 2-2001 |
Thanks Tyler, but that paragraph really doesn't explain much. It doesn't back up the claim of if terms of what Porsche is the most profitable, net income, net margin, gross profit, etc etc. I find it hard to believe that Porsche makes more money than Toyota. This article explains it a bit better, Porsche apparantly has the highest net and gross margins in the car business: "Has Porsche sold its soul? Rivals hope the public will think so. But so far the financial results show that Porsche was able to maintain its mystique while it overhauled its manufacturing methods. In the fiscal year that ended last July Porsche earnings rose 29% to $237 million on revenue of $3.88 billion. That 6.2% net margin put Porsche in a league of its own; the industry average (as tracked by Value Line) was 1.9% last year. Even classy BMW netted only 2.9% in its last fiscal year. Porsche made some mighty profits on each of the 55,000 cars it sold last year. On the 911 Turbo, which starts at $111,000, the company makes a 45% average gross margin. On the low-end Boxster S convertible (starting at $51,600), Porsche pulls in a still-rich 23% gross margin. If Wiedeking is to be believed, a new 205mph sports car, the Carrera GT, will be profitable from its first sale next year. Price tag on that one: $350,000 to $400,000. The Cayenne SUV is a metaphor for the company's transformation. It will be assembled in a Porsche factory being built in Leipzig, in the former East Germany. But only 12% of its content, chiefly the V8 engine, will come from Porsche. The bodies, prepainted and preassembled, will arrive from a Slovakian Volkswagen factory after a 22-hour train ride. Indeed, Porsche and Volkswagen cooperated on developing SUVs. VW's new Touareg SUV has the same chassis as the Cayenne, though of course they will look quite different. " Ernesto | ||
| nick m........ (Nickm)
Junior Member Username: Nickm Post Number: 64 Registered: 8-2001 |
That last post was for Ernesto. Nobody else should bore themseles reading it. | ||
| nick m........ (Nickm)
Junior Member Username: Nickm Post Number: 63 Registered: 8-2001 |
Heres an excerpt I found on the internet. Porsche has become an undisputed member of the world's elite companies. The figures for the past fiscal year expressly emphasize this fact: The company was able to raise its yield on turnover before tax to 13.3 percent - due to different national tax rates this is the decisive yardstick for international comparison within a single business area. With this figure Porsche even outperformed the experts' and stock market analysts' most darting forecasts. Furthermore, the true nature of this achievement is only evident when we take into account the development work devoted to our future third model line, which reached its absolute peak; this expenditure - as it is customary at Porsche - was entered in the accounts in the year it was incurred and therefore has the effect of reducing profits. Despite this, Porsche not only maintained its leading position as the world's most profitable automobile manufacturer but was even able to improve on it. | ||
| nick m........ (Nickm)
Junior Member Username: Nickm Post Number: 62 Registered: 8-2001 |
Porsche being the most profitable Car company in the world. I read the LARGE article about a month ago in the LA Times business section. I dont remember exactly how they came up with that stat. I just remember reading that Porsche was the leader by far, and other auto manufacturers are trying to learn what they are doing to be so successful. If I find the artical I will let you know. Pretty interesting though. | ||
| Tyler (Bahiaau)
Junior Member Username: Bahiaau Post Number: 148 Registered: 12-2001 |
I would guess that an LM can be bought for less. I would'nt think that there are too many buyers lining up for them. 70 is too high in my opinion, but if one could be bought for 45-50K, that's a different story. Does anyone on this board intend to buy a Cayenne? | ||
| Ernesto Sgroi (T88power)
Junior Member Username: T88power Post Number: 239 Registered: 2-2001 |
Thanks Tyler... I guess they haven't depreciated much... Ernesto | ||
| Tyler (Bahiaau)
Junior Member Username: Bahiaau Post Number: 147 Registered: 12-2001 |
Ernesto, the last LM I saw for sale had an asking price of $70K. | ||
| Ernesto Sgroi (T88power)
Junior Member Username: T88power Post Number: 238 Registered: 2-2001 |
"Porsche is the most profitable car manufacturer IN THE WORLD. " Please clarify what you mean by this, because I dont think Porsche comes close to the $4.7 BILLION Toyota made in income (not sales) last year. Ernesto | ||
| Peter S�derlund /328 GTB -88 (Corsa)
Junior Member Username: Corsa Post Number: 117 Registered: 4-2001 |
"Porsche is the most profitable car manufacturer IN THE WORLD. Nobody else even comes close ! They must be doing something right." Yes, their marketing department is the best in the world. A summary of above is "overpriced". The quality is not what you think. Quality cost... Ciao Peter | ||
| Dr. George Petito (Doc18015)
New member Username: Doc18015 Post Number: 25 Registered: 12-2001 |
Not my style! They have gone from bathtubs to damaged refrigerators and still have not hired an ITALIAN designer.......... | ||
| nick m........ (Nickm)
Junior Member Username: Nickm Post Number: 61 Registered: 8-2001 |
Porsche must know what they are doing, I read an article in a business magazine about a month ago. Porsche is the most profitable car manufacturer IN THE WORLD. Nobody else even comes close ! They must be doing something right. | ||
| Ernie Bonilla (Ernie)
Junior Member Username: Ernie Post Number: 186 Registered: 11-2001 |
This is what happens when investors start telling engineers and designers what to do. Happens all the time in the media. Porsche's only saving grace will be if they race it in the Dakar Rally and win. If they attement to put this goofy thing in the World Rally Championship, it will be feeding time for the pirahnas, and it will be eatin alive by the likes of the Subies, EVO's, Pug's and Focus WRC cars. But hey guys Shhhhhhhhh let the dorks do it, we will have more to laugh at. Let us hope this this lack of oxygen to the brain doesn't filter over and effect the folks at Ferrari. | ||
| Tim N (Timn88)
Member Username: Timn88 Post Number: 485 Registered: 6-2001 |
The last thing we need is soccer moms with 450hp under their right foot. Am i the only one who thinks that kind of power shouldnt be in the hands (feet i guess) of a soccer mom or some someone like that? | ||
| Ernesto Sgroi (T88power)
Junior Member Username: T88power Post Number: 237 Registered: 2-2001 |
How much do the LM's go for now days? Ernesto | ||
| Tyler (Bahiaau)
Junior Member Username: Bahiaau Post Number: 144 Registered: 12-2001 |
Peter, I love the Lamborghini LM002! A Hummer that will go over a 100mph. I saw one on the road in FL years ago. They look great in pictures, but in person they look and sound wonderful. | ||
| Peter S�derlund /328 GTB -88 (Corsa)
Junior Member Username: Corsa Post Number: 115 Registered: 4-2001 |
That Cayenne ain't a suv, THIS IS A SUV!!!  http://koleso5.chance.ru/en/06_32-36e.htm I saw one of these on track at a sportscar meeting in Sweden. It's powered by a Lamborghini Countach engine. Ciao Peter | ||
| Manu Sachdeva (Manu)
New member Username: Manu Post Number: 31 Registered: 2-2002 |
Erm...go here: http://www.ferrariownersclub.co.uk/happenings/2002/march/montana.html | ||
| Manu Sachdeva (Manu)
New member Username: Manu Post Number: 28 Registered: 2-2002 |
This company is famous for building sports cars which are fantastic driving machines. Their most famous model, the 911 has a layout which challenges the driver.....indeed, it used to be scary and rewards only the most accomplished drivers. And NOW THIS......an SUV!!! This is BULLSH*T! They've built a car for people who like Toyota Landcruisers! The Cayenne will be bought by affluent housewives in Californian suburbs to take the kids to school. Imagine... from now on, when my friend takes his 968 Club Sport to a Porsche Club meeting, a load of Cayennes will be there too, driven by boring housewives who think that performance driving means pressing 'sport' on the auto transmission........ I don't care whether you have a 450bhp Turbo or not. The car looks terrible - its going to be a huge success but in my opinion this is TERRIBLE for Porsche...... P.S. I have NOTHING against housewives - in fact I think being a houswife is not valued and respected ENOUGH. So don't bite my head off - I'm speaking figuratively. | ||
| Ken (Allyn)
Junior Member Username: Allyn Post Number: 217 Registered: 10-2001 |
A Honda Civic on steroids? | ||
| Jason Fraser (Jfraser)
Junior Member Username: Jfraser Post Number: 94 Registered: 3-2001 |
160mph in an SUV....and who thought that was a good idea!!! | ||
| Todd (Tkrefeld)
Junior Member Username: Tkrefeld Post Number: 54 Registered: 11-2001 |
"so anyone know what's under the hood" 3 engine chooices a V6 a "S" not sure if a 6 or 8 and a 450hp twin turbo V8!! Nearly 160 mph | ||
| nick m........ (Nickm)
Junior Member Username: Nickm Post Number: 58 Registered: 8-2001 |
From what I heard, this will be the fastest SUV on the PLANET. | ||
| BretM (Bretm)
Intermediate Member Username: Bretm Post Number: 1892 Registered: 2-2001 |
Yeah I too understand how people can love 911s, I respect them a lot. Even if this is a financial success, as far as for what Porsche stands for I feel it is a loss. | ||
| Ben Lobenstein 90 TR (Benjet)
Member Username: Benjet Post Number: 508 Registered: 1-2001 |
so anyone know what's under the hood? -Ben | ||
| arthur chambers (Art355)
Member Username: Art355 Post Number: 264 Registered: 6-2001 |
Finally Porsche designs a car suited for their average Porsche owner. it does look at an alroad, except for the exhaust. | ||
| Jason Fraser (Jfraser)
Junior Member Username: Jfraser Post Number: 92 Registered: 3-2001 |
I'm not a huge Porsche fan, but I understand the appeal of 911's.....However, I can't believe a bunch of people sat round a table and approved this design.....I thought they had focus groups who gauge designs.....who did they invite, Mr Magoo. I've seen some pre-release photos of the VW....it's far, far more attractive.... | ||
| BretM (Bretm)
Intermediate Member Username: Bretm Post Number: 1879 Registered: 2-2001 |
Simply put, I think it's plain old ugly and a mistake. | ||
| Viken Bedrossian (Vikenb)
Junior Member Username: Vikenb Post Number: 120 Registered: 5-2001 |
>> Glad to see they're saving money by using the company headlights. << Actually, the Cayenne headlights are unique to this body style. No money saved there. | ||
| wm hart (Whart)
Junior Member Username: Whart Post Number: 122 Registered: 12-2001 |
I think that the company could have entered this market, used the porsche franchise, but not diluted the marque. A new line, sold by its dealers (and possibly others), emphasizing the use of porsche engine, drivetrain, etc. without branding it a "porsche." But now that the comapny has started down this path, may be the'll stick the engine from a Lambo in a truck, and call it an SUV too. | ||
| Ernesto Sgroi (T88power)
Junior Member Username: T88power Post Number: 232 Registered: 2-2001 |
I wonder how different it will be fron its chassis twin from VW? Ernesto | ||
| Willis Huang (Willis360)
Member Username: Willis360 Post Number: 550 Registered: 8-2001 |
I think the cheapest Cayenne will cost almost $20K more than an Audi allroad. So I think they are not direct competitors. The Cayenne would be up against the new Range Rover, BMW X5, and the M-B ML55. | ||
| Todd (Tkrefeld)
Junior Member Username: Tkrefeld Post Number: 53 Registered: 11-2001 |
Bet it will be good. They tested this thing in the artic (last road to civilization), the desert, the outback, rivers lakes, ect, ect. Load of experience from 959 and Parker-Davis rallys. I bet we will still see 2003 models driving around 30 years from now. Looks kinda like a station wagon though, the suspension is height adjustable.. | ||
| Todd (Tkrefeld)
Junior Member Username: Tkrefeld Post Number: 52 Registered: 11-2001 |
I caught a catfish once that looked like that | ||
| DHutchison (Hutch308)
New member Username: Hutch308 Post Number: 14 Registered: 1-2002 |
Why did Porsche do this? I see this cutting in on Audi's all-road quattro turbo wagon sales. I guess they figured that since they can't beat us (Ferrari!), they should just go and beat themselves. I'll stick with my tried and true Jeep. Anyone know the scheduled launch date of the Porsche MINIVAN??!!?! | ||
| Jim E (Jimpo1)
Member Username: Jimpo1 Post Number: 289 Registered: 7-2001 |
Glad to see they're saving money by using the company headlights. | ||
| Willis Huang (Willis360)
Member Username: Willis360 Post Number: 548 Registered: 8-2001 |
Looks better than I expected. Starting price from $60K. They will have the basic Cayenne, Cayenne S, then Cayenne Turbo. Porsche could legitimately do it because of their AWD and rally experiences. Man, I hope Ferrari never try to pull something like this. | ||
| Willis Huang (Willis360)
Member Username: Willis360 Post Number: 547 Registered: 8-2001 |
Back view of a Cayenne TURBO!  | ||
| Tyler (Bahiaau)
Junior Member Username: Bahiaau Post Number: 141 Registered: 12-2001 |
I think the Santa Fe is better looking. | ||
| Chris Richardson (Boozy)
Junior Member Username: Boozy Post Number: 80 Registered: 11-2001 |
Porsche? What are you talking about? I'm pretty sure that's a picture of a Hyundai Santa Fe!  | ||
| Harlan Mott (Hmott3)
New member Username: Hmott3 Post Number: 45 Registered: 12-2001 |
I like it, how will the price compete with the suburu? | ||
| Tyler (Bahiaau)
Junior Member Username: Bahiaau Post Number: 140 Registered: 12-2001 |
Oh My God! It looks like a Volvo Wagon ate a Boxster. What's next? Will they build a Porsche Cilantro to compete with Lincoln's Blackwood pickup? | ||
| Manu Sachdeva (Manu)
New member Username: Manu Post Number: 24 Registered: 2-2002 |
YUK! ...and thats the end of any serious attempts by a Porsche owner to convince me of the superiority of the marque over Ferrari. What a terrible shame... | ||
| Bob Campen (Bob308gts)
Junior Member Username: Bob308gts Post Number: 71 Registered: 9-2001 |
I thought it was bad when BMW did it, but now Porsche. Help me | ||
| Willis Huang (Willis360)
Member Username: Willis360 Post Number: 546 Registered: 8-2001 |
Here's an official photo  |