Quote:
Originally Posted by Spyderman
No this is actually not the case. Porsche's revenue (2016) was 22.3 B Euros (+4%) with an operating result of 3.9 B Euros (+14%).
The ROS (Return on Sales) increased from 15.8% to 17.4% and the workforce grew by 13%
These are not the results of an ailing company.
Furthermore, although the fall out of the dieselgate scandal has had some effect on Porsche AG, it has been limited. Both VW and Audi have felt the effects far more than Porsche.
Please try and understand that ~150M euro is really not going to break Porsche's back.
Having said all that, it is obvious that every Euro spent needs to be thoroughly justified given the the dieselgate backdrop. It is also a good management principle, and Porsche is a very well managed company.
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Please understand that I wrote this: "the budget for
racing". Cash for the racing programme is a problem. As you say.