News

A car company that actually made a profit!

Discussion in 'Ferrari Discussion (not model specific)' started by Anthony_Ferrari, Apr 29, 2009.

  1. Anthony_Ferrari

    Anthony_Ferrari Formula 3

    Nov 3, 2003
    2,187
    Sheffield, UK
    Full Name:
    Anthony Currie
    http://www.pitpass.com/fes_php/pitpass_news_item.php?fes_art_id=37741
    ;)
     
  2. To remove this ad click here.

  3. Fastpants

    Fastpants Karting

    Jan 24, 2006
    110
    South Chicagoland
    Full Name:
    Nick
    Isn't Porsche the most profitable car company in the world, averaging nearly $30K profit on EACH car sold? That's how they were able to buy 20% of VW, if I'm not mistaken.

    Not raining on Ferrari's parade, mind you. Good to hear things are well in Modena!

    Does anyone happen to know Ferrari's average profit per unit sold?
     
  4. BwanaJoe

    BwanaJoe Formula 3

    Oct 23, 2006
    1,744
    Former Space Coast
    Full Name:
    Joe Burlein
    I believe Subaru can be put into this category also. The don't make Porsche's profits but they haven't been losing money.
     
  5. mousecatcher

    mousecatcher Formula 3

    Dec 18, 2007
    2,116
    san mateo, ca
    i wish they could figure their story out.
     
  6. chatmaster

    chatmaster Rookie

    Jun 14, 2006
    34
    Last I heard Porsche made all their money from FOREX, the cars actually lost money.
     
  7. To remove this ad click here.

  8. kosmo

    kosmo Formula 3

    Oct 19, 2008
    1,438
    BIg D
    "giant Italian Comp"? Ferrari is a small company.
    Porsche i made a profit in the car division and made some winning bets in FX and derivatives

    The global auto landscape is changing quickly. It will be interesting to see whos left standing.
     
  9. ExoticSpotter

    ExoticSpotter Formula Junior

    Jun 1, 2008
    648
    That's not correct. Porsche does make a profit, but not on car sales, it was on FOREX as discussed. The $30k per car idea comes from the forumla if you divide the company's profit into the number of cars sold.
     
  10. finnerty

    finnerty F1 World Champ

    May 18, 2004
    10,341
    They are referring to Fiat ---- which owns Ferrari.
     
  11. finnerty

    finnerty F1 World Champ

    May 18, 2004
    10,341
    ?????
    I believe you are mistaken ----- It is the VW group which owns Porsche (and Audi) ---- has been that way for several decades now.
     
  12. To remove this ad click here.

  13. Demigod555

    Demigod555 Karting

    Nov 28, 2005
    242
    SF
  14. JoeZaff

    JoeZaff F1 Veteran
    Owner

    Aug 5, 2007
    5,403
    Philly suburbs
    Full Name:
    Joe
    #11 JoeZaff, May 6, 2009
    Last edited: May 6, 2009
    Actually, after the Cayenne's runaway success, Porsche turned the tide and now owns a controlling stake of VW. In fact, at the last general meeting, they announced they would boost their ownership share of VW common stock to 75%, it has been 50.76% since 1/5/09.

    However, Just today, they announced some kind of merger the details of which I can't really recall. I'm sure the article is still available online.
     
  15. VIZSLA

    VIZSLA Four Time F1 World Champ
    Owner

    Jan 11, 2008
    41,198
    Sarasota
    Full Name:
    David
    I think that Porsches original intent was to take control of VW through some financial manipulations and a change in the arcane German laws unique to VW. While they succeeded the change in the car market made them rethink the ownership structure and as of today the plan is for Porsche to become another VW division like Audi and Skoda.
     
  16. DennisForza

    DennisForza Formula 3

    May 23, 2006
    1,721
    Arlington, VA
    Full Name:
    Dennis
    Fiat owns Ferrari, Fiat lost money. So one division turned a profit. I would bet that atleast one division of GM turned a profit too in the last quarter. Good for Ferrari, but how much was made off of trinkets vs. auto sales?
     
  17. amenasce

    amenasce Two Time F1 World Champ
    Silver Subscribed

    Oct 17, 2001
    29,391
    Full Name:
    Joe Mansion
    Oh god......VW NEVER owned Porsche.
     
  18. kosmo

    kosmo Formula 3

    Oct 19, 2008
    1,438
    BIg D
    what will be interesting if the merger goes thru will be Porsche & Lambo. Will they combine it to form Porschghini or Lamporsche? Germans and Italians back at it again!

    Separately when i drove a Jag my friends would make fun of me for driving a Chrysler. Now, will they make fun of my Fcar, calling it a Chrysler?! :0
     
  19. DennisForza

    DennisForza Formula 3

    May 23, 2006
    1,721
    Arlington, VA
    Full Name:
    Dennis
    When was Jag owned by Chrysler?
     
  20. modena1_2003

    modena1_2003 F1 Rookie

    Aug 17, 2005
    3,704
    Full Name:
    Jon
    This is great news, honestly. Always good to hear the team is winning, even if their team isn't.
    :)


    _J
     
  21. kosmo

    kosmo Formula 3

    Oct 19, 2008
    1,438
    BIg D
    Oops Ford...
     
  22. VIZSLA

    VIZSLA Four Time F1 World Champ
    Owner

    Jan 11, 2008
    41,198
    Sarasota
    Full Name:
    David
    Now Tata.
     

Share This Page