Porsche increasing its profits with Cayenne and Panamera

Porsche tripled its sales in 2010 with its Cayenne and Panamera models. The automaker reported $960 million profits before taxes and interest in 2010 which was just $227 million the year before.

Porsche's five-month revenue increased 59 per cent to 3.87 billion Euros and is hoping to expand its global sales to 200,000 by 2018. With these kind of sales, that goal doesn't seem too far off.

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Porsche Cayenne Hybrid

At the IAA 2005, Porsche announced it will produce a hybrid version of the Cayenne before 2010 (Porsche Cayenne Hybrid). Two years later, at the IAA 2007, Porsche presented a functioning Cayenne Hybrid and demonstration model of the drivetrain.


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