-
Recent Posts
- DOE Loan Programs Office – $1B to Evgo for Charging Points
- Yawn or Yikes? Hyundai, Waymo Link on Autonomous SUVs
- IONNA Breaks Ground on So-Called Rechargery for EVs
- U.S. Vehicles Sales Drop as Consumers Wait for Discounts
- NHTSA Issues Park Outside Consumer Alert for Jeep Fires
- Nissan Group U.S. Q3 Sales Off 2.2% with Varying Results
- American Honda September Sales Drop 9%
- Toyota Motor North America September Sales off 20%
- GM Posts Modest U.S. Sales increase for Q3 2024
- Mattias Ekström Joins Ford Performance for 2025 Dakar Rally
- Plug-in Hybrid Jeeps Recalled for Battery Fire Risks
- Mercedes-Benz USA Software Recall for Sudden Stalling
- Mazda Recalls 2016 – 2023 Miata Sports Cars for Bad Airbags
- Beleaguered Stellantis Cuts 2024 Financial Guidance
- Loyalty Keeps Vehicle Buyers Out of Market Amidst Shortages
Recent Comments
- IONNA Breaks Ground on So-Called Rechargery for EVs | AutoInformed on Toyota Joins IONNA EV Charging Network in North America
- Beleaguered Stellantis Cuts 2024 Financial Guidance | AutoInformed on Stellantis Tanks in First Half of 2024 – Net Profit -48%
- Toyota on Plug-in Name Changes on Prius Prime Changes its Name to Prius Plug-in Hybrid for 2025
- C’est Fou – Chinese EVs Will Be at 2024 Paris Motor Show | AutoInformed on Stellantis Holds Media Drive for Chinese Leapmotor EVs
- International Brotherhood of Teamsters on Teamsters to Honor Picket Lines of 50,000 UAW GM Workers
Archives
Meta
Get intelligent commentary on the automobile business and its economic and social effects. Stay informed with AutoInformed.
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 →