Porsche Automobil Holding SE (POAHF)
- Yahoo Finance Video
Lamborghini CEO on electrification, future of supercar maker
Lamborghini chairman and CEO Stephan Winkelmann joined Yahoo Finance to talk about the company's 2021 performance, outlook for next year, and its upcoming electrification efforts.
- Reuters
Porsche AG benefits from being part of Volkswagen Group, CEO says
Porsche AG, part of the Volkswagen Group, profits from being part of Volkswagen, its CEO Oliver Blume said on Wednesday, following speculation that an IPO of the luxury unit could be on the cards. Volkswagen's CEO Herbert Diess said on Oct. 28 the company was constantly reviewing its portfolio but provided no further comment.
- Reuters
Porsche 9-month profit jumps to low end of 2021 target thanks to Volkswagen
Porsche SE said on Tuesday its nine-month net income bounced to the lower end of the German automotive group's full-year guidance thanks to profits from Volkswagen, which recovered after a pandemic-related slump last year. The holding company controlled by the Porsche and Piech families, which holds a 53.3% stake in Germany's largest automaker, said its nine-month result after taxes came in at 3.3 billion euro ($3.81 billion). This exceeds Porsche's result for the same period last year by almost seven times and comes close to the net profit range of 3.4-4.9 billion euro the group confirmed it expects to reach in 2021.
