SaintNexus

I looked up Forbes 2000 list, the 2000 biggest public companies in the world.

I look at Porsche

Rank: 1,135
Sales: $0 M (?)
Profit: -$523.2 M
Assets: $36.7 B
Market Value: $13.5 B

^It has to be an error, right? $0 sales in 2011? Profit is negative half billion?!

Are these guys struggling or what?

http://www.forbes.com/global2000/lis...ompanyRevenue1

spwolf

you know the story about failed attempt to purchase VW, drop in market value and VW ending up controlling the Porsche?

SaintNexus

^Don't know about that, care to enlighten me?

spwolf

this seems like a good read from 2009:
http://www.spiegel.de/international/...637243,00.html

since then VW has indeed purchased Porsche and now is controlling it... there were other reports of Porsche management not wanting to listen to their Audi peers :-).

scgt652

I recommend you read this article too. It relates to what Spywolf is talking about.

http://news.bbc.co.uk/2/hi/business/7843262.stm

Hoovey689

iTrader: (16)

Despite some controversial models, these cars are flying off dealer lots

SaintNexus

I know the cars are selling, but what I don't get, is how it's sales are $0?

Brian@Vossen

Probably an error

mikez

A quick read on the Porsche annual report shows:

"Vehicle sales and production figures are not presented for FY2009/FY2010 due to the deconsolidation of the former subgroup Porsche and Volkswagon in the FY2009/FY2010

A proposal for the appropriation of profit was not available for the submission to the annual general meeting by the time the financial statements were authorized by the executive board."

Meaning the the website was pulling data from the source but didn't bother checking to see if it makes sense. I guess Porsche is still trying to figure out how to allocate expense and profits between all the units after the failed takeover attempts.

Ice350

iTrader: (1)

I see more than 2 Porsche vehicles every single day. They are definitely selling automobiles.

gengar

Porsche couldn't sell 20 cars without registering at least a "1" in that sales figure...