Porsche Profit Rises 25% to Record as Macan SUV Lifts Sales
- Substantial expenses looming for electric-car development
- Revamped 911 lineup, 718 sports car models in focus in 2016
Employees check a Porsche Macan sport-utility vehicle (SUV) inside the Porsche AG factory in Leipzig.
Photographer: Krisztian Bocsi/BloombergThis article is for subscribers only.
Porsche, the maker of the 911 sports car, reported that profit last year jumped 25 percent to a record, providing much-needed support to parent Volkswagen AG as it braces for the towering cost of resolving its emissions-cheating scandal.
Operating profit increased to 3.4 billion euros ($3.78 billion), and revenue improved 25 percent to 21.5 billion euros, the Stuttgart, Germany-based sports-car maker said Friday in a statement.