Tag Archives: Oliver Blume

Porsche 2024 Annual Meeting Sweep. Dividend Doubled

Posted on 8 June 2024 by Ken Zino

“In 2023, Porsche impressed while realizing all its ambitious forecasts. Our financial position is robust and, even in uncertain times, we remain highly profitable. For Porsche, 2024 is a year of new product launches, with the biggest model launch program in the company’s history. In the past months we have launched new models for five model series. We are thereby laying the foundations today for our profits tomorrow – and for future dividends,” said Oliver Blume, Chairman of the Executive Board. Continue reading →

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New Porsche 911 Carrera, GTS Carrera Hybrids Debut

Posted on 28 May 2024 by Ken Zino

Porsche is offering the new 911 Carrera as a coupé at a starting price of €128,700 including VAT and country-specific equipment. Prices for the 911 Carrera GTS Coupé start at €170,600. The price of the optional aero kit package for the 911 Carrera GTS is €2713.20, including VAT and country-specific equipment. Deliveries in Germany will begin in late summer for the 911 Carrera, and in late 2024 for the 911 Carrera GTS. Continue reading →

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Porsche 2023 H1 Sales and Profit Increase

Posted on 26 July 2023 by Ken Zino

Porsche AG said today in Stuttgart that during the first half-year of 2023 Group sales revenue as well as Group operating profit increased. Sales revenues rose by 14% to €20.43 billion. Operating profit rose by 10.7% to €3.85. The Group operating return on sales ended the first half-year at 18.9% in the upper range of the previous guidance of 17%-19%. However, automotive net cash flow declined to €2.22 billion (previous year: €2.39 billion) attributed to extensive investment in products and innovations. Continue reading →

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Porsche 2030 – More Than 80% All-Electric New Vehicles

Posted on 18 March 2022 by Ken Zino

“We continue to hope for a cessation of hostilities and a return to diplomacy. The safety and integrity of the people are paramount. To help people in need in Ukraine, Porsche AG has donated a total of €1 million. Experts are continuously determining the degree of impact on Porsche’s business activities in a task force. The supply chains for Porsche plants have been affected, which means that on-schedule production is no longer possible in some cases.” Continue reading →

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Porsche Expanding R&D in China

Posted on 30 August 2021 by Ken Zino

“Having a permanent home for this work in China will bring obvious benefits, particularly when it comes to reflecting and predicting our customer’s needs in China, a nation that has truly welcomed Porsche and has taken our cars to heart to the extent that it’s been our biggest sales market,” said Oliver Blume, Chairman of the Executive Board at Porsche. Continue reading →

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How Many Doors does a Coupe Have?

Posted on 21 March 2019 by Ken Zino

“The (fill in the blank) includes all the technical highlights of the current Cayenne, but has an even more dynamic design and new technical details that position it as more progressive, athletic, and emotional,” claims Oliver Blume, Chairman of the Executive Board of Porsche AG and a man with a mechanical engineering degree from Braunschweig University who has worked in enough body shops to know better. (eins, zwei, drei, vier, funf)    Continue reading →

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