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Tag Archives: Oliver Blume
Volkswagen Group 2024 Results Drop Significantly
Volkswagen Group said today that 2024 operating result declined significantly to €3.9 billion, mainly due to restructuring expenses related to the site in Brussels and residual value effects, as well as intense competition and the current model offensive. The operating Margin was a scant 6.0%. Continue reading
Porsche 2024 Annual Meeting Sweep. Dividend Doubled
“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
New Porsche 911 Carrera, GTS Carrera Hybrids Debut
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
Posted in connected vehicles, electric vehicles, environment, global warming, milestones, new vehicle, performance, shows and events
Tagged 2024 911 performance hybrid, 911 Carrera GTS Coupé, auto industry commentary, autoinformed.com, automotive blog, Automotive news and analysis, Ken Zino, new 911 Carrera GTS, Oliver Blume
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Porsche 2023 H1 Sales and Profit Increase
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
Porsche 2030 – More Than 80% All-Electric New Vehicles
“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
Porsche Expanding R&D in China
“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
How Many Doors does a Coupe Have?
“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
Loss Making Survival Diet – VW Group Efficiency Quest
“Our goal is clear: by 2030, we will make the Volkswagen Group the most attractive automotive company in the world – with iconic brands, inspiring products, leading technologies, robust financial results, reliable capital market performance and a team spirit in action,” claimed Oliver Blume, CEO of the Group. “With our future plan, we are moving into the next phase of transformation by our own means. We are making the Volkswagen Group faster, more resilient and more competitive: through less complexity, focused technologies, an even stronger alignment of products, development and production with regional markets, the reduction of over-capacities, a streamlined equity portfolio and significantly leaner structures. In this way, we are creating the conditions for sustained success – even in an increasingly demanding environment.” Continue reading →