Porsche Net Earnings $6.25 Billion USD

[Blackie911]

Thats right folks as at YE 31 July '07- and public domian info will also disclose that a whopping $5.3 billion of that was earned from profitable derivatives trading. Chief Executive Wendelin Wiedeking hauled in $100 mill for his trouble-not bad for a company whose product has by many accounts become less reliable... Put in perspective GM lost $38 billion- Ford 2.7 bill and Chrysler 'only' 1.6 bill.

As a securities dealer with a major firm and a Porscheophile- can only wish they focus on toiletries such as build quality, parts availability pre-996 and focusing on their core business. As US (and globe) submerges deeper into a resession with a declining greenback- will be watching the effect on Porsche sales- new and used. Should be an interesting couple years in capital markets...