Porsche Sales Are So Strong It Doesn’t Need A Stock Market Listing

At least according to its current CEO.

Porsche CEO Oliver Blume is feeling confident these days. Despite recent rumors regarding a potential grouping of VW Group’s premium brands (Audi, Bentley, Bugatti, Porsche, and Lamborghini) into a single unit to spin-off for an initial public offering with a potential valuation as high as $18 billion, Porsche sales remain stronger than ever. Perhaps that’s why Blume doesn’t see the need for a stock market listing, according to Reuters.

Blume is confident the brand will surpass last year’s record sales year by the end of this December, so why is an IPO even necessary? In the first nine months of this year, Porsche sold an impressive 196,562 vehicles worldwide. Sales of all models, including the 911 and Panamera, are up. Both the Chinese and European markets have grown this year, so far by 4 and 9 percent, respectively.

“In the light of these good numbers we expect that we can reach last year’s record again,” Blume said last week. In 2017, Porsche delivered a total of 246,375 vehicles. Given this year’s sales figures so far, Porsche is very much on track to beat its own record. But what about the huge investments needed for, say, electric car technology developments? Wouldn't the lucrative benefits of an IPO provide for that?

Yes, but Blume believes partnerships with other companies (not necessarily automakers) and leaner production and modernized development processes are the better way to go. Take the Panamera Sport Turismo, for example.

Blume boasted that it “was launched without building physical prototype vehicles,” meaning it was developed digitally. Another useful tool Porsche has is fellow VW brand Audi. Because both brands have many things in common they’re able to pool their resources together on things like platforms, modules, and other components.

“A good example of such synergies is our cooperation in the area of battery cells for our electric cars. Both of us, Porsche and Audi, source them from LG Chem, which has built up a plant for this in Poland,” Blume added. Despite Blume’s confidence, does the VW Group board of directors feel the same way? Although Porsche is doing great these days, the desire for greater profits could change easily the current situation.

View the original article here

Porsche Sales Are So Strong It Doesn’t Need A Stock Market Listing

At least according to its current CEO.

Porsche CEO Oliver Blume is feeling confident these days. Despite recent rumors regarding a potential grouping of VW Group’s premium brands (Audi, Bentley, Bugatti, Porsche, and Lamborghini) into a single unit to spin-off for an initial public offering with a potential valuation as high as $18 billion, Porsche sales remain stronger than ever. Perhaps that’s why Blume doesn’t see the need for a stock market listing, according to Reuters.

Blume is confident the brand will surpass last year’s record sales year by the end of this December, so why is an IPO even necessary? In the first nine months of this year, Porsche sold an impressive 196,562 vehicles worldwide. Sales of all models, including the 911 and Panamera, are up. Both the Chinese and European markets have grown this year, so far by 4 and 9 percent, respectively.

“In the light of these good numbers we expect that we can reach last year’s record again,” Blume said last week. In 2017, Porsche delivered a total of 246,375 vehicles. Given this year’s sales figures so far, Porsche is very much on track to beat its own record. But what about the huge investments needed for, say, electric car technology developments? Wouldn't the lucrative benefits of an IPO provide for that?

Yes, but Blume believes partnerships with other companies (not necessarily automakers) and leaner production and modernized development processes are the better way to go. Take the Panamera Sport Turismo, for example.

Blume boasted that it “was launched without building physical prototype vehicles,” meaning it was developed digitally. Another useful tool Porsche has is fellow VW brand Audi. Because both brands have many things in common they’re able to pool their resources together on things like platforms, modules, and other components.

“A good example of such synergies is our cooperation in the area of battery cells for our electric cars. Both of us, Porsche and Audi, source them from LG Chem, which has built up a plant for this in Poland,” Blume added. Despite Blume’s confidence, does the VW Group board of directors feel the same way? Although Porsche is doing great these days, the desire for greater profits could change easily the current situation.

View the original article here

Porsche Sales Are So Strong It Doesn’t Need A Stock Market Listing

At least according to its current CEO.

Porsche CEO Oliver Blume is feeling confident these days. Despite recent rumors regarding a potential grouping of VW Group’s premium brands (Audi, Bentley, Bugatti, Porsche, and Lamborghini) into a single unit to spin-off for an initial public offering with a potential valuation as high as $18 billion, Porsche sales remain stronger than ever. Perhaps that’s why Blume doesn’t see the need for a stock market listing, according to Reuters.

Blume is confident the brand will surpass last year’s record sales year by the end of this December, so why is an IPO even necessary? In the first nine months of this year, Porsche sold an impressive 196,562 vehicles worldwide. Sales of all models, including the 911 and Panamera, are up. Both the Chinese and European markets have grown this year, so far by 4 and 9 percent, respectively.

“In the light of these good numbers we expect that we can reach last year’s record again,” Blume said last week. In 2017, Porsche delivered a total of 246,375 vehicles. Given this year’s sales figures so far, Porsche is very much on track to beat its own record. But what about the huge investments needed for, say, electric car technology developments? Wouldn't the lucrative benefits of an IPO provide for that?

Yes, but Blume believes partnerships with other companies (not necessarily automakers) and leaner production and modernized development processes are the better way to go. Take the Panamera Sport Turismo, for example.

Blume boasted that it “was launched without building physical prototype vehicles,” meaning it was developed digitally. Another useful tool Porsche has is fellow VW brand Audi. Because both brands have many things in common they’re able to pool their resources together on things like platforms, modules, and other components.

“A good example of such synergies is our cooperation in the area of battery cells for our electric cars. Both of us, Porsche and Audi, source them from LG Chem, which has built up a plant for this in Poland,” Blume added. Despite Blume’s confidence, does the VW Group board of directors feel the same way? Although Porsche is doing great these days, the desire for greater profits could change easily the current situation.

View the original article here

Porsche Sales Are So Strong It Doesn’t Need A Stock Market Listing

At least according to its current CEO.

Porsche CEO Oliver Blume is feeling confident these days. Despite recent rumors regarding a potential grouping of VW Group’s premium brands (Audi, Bentley, Bugatti, Porsche, and Lamborghini) into a single unit to spin-off for an initial public offering with a potential valuation as high as $18 billion, Porsche sales remain stronger than ever. Perhaps that’s why Blume doesn’t see the need for a stock market listing, according to Reuters.

Blume is confident the brand will surpass last year’s record sales year by the end of this December, so why is an IPO even necessary? In the first nine months of this year, Porsche sold an impressive 196,562 vehicles worldwide. Sales of all models, including the 911 and Panamera, are up. Both the Chinese and European markets have grown this year, so far by 4 and 9 percent, respectively.

“In the light of these good numbers we expect that we can reach last year’s record again,” Blume said last week. In 2017, Porsche delivered a total of 246,375 vehicles. Given this year’s sales figures so far, Porsche is very much on track to beat its own record. But what about the huge investments needed for, say, electric car technology developments? Wouldn't the lucrative benefits of an IPO provide for that?

Yes, but Blume believes partnerships with other companies (not necessarily automakers) and leaner production and modernized development processes are the better way to go. Take the Panamera Sport Turismo, for example.

Blume boasted that it “was launched without building physical prototype vehicles,” meaning it was developed digitally. Another useful tool Porsche has is fellow VW brand Audi. Because both brands have many things in common they’re able to pool their resources together on things like platforms, modules, and other components.

“A good example of such synergies is our cooperation in the area of battery cells for our electric cars. Both of us, Porsche and Audi, source them from LG Chem, which has built up a plant for this in Poland,” Blume added. Despite Blume’s confidence, does the VW Group board of directors feel the same way? Although Porsche is doing great these days, the desire for greater profits could change easily the current situation.

View the original article here

Potential Porsche Stock Exchange Listing Could Be Worth Billions

VW’s premium brands could eclipse Ferrari three times over.

The VW Group is one of the largest in the automotive world, with products spanning everything from motorcycles to heavy-duty trucks. With such a diverse portfolio all bundled into one, potential investors are unable to cherry pick their preferred stocks and have to invest in the group as a whole.

Finance Chief Lutz Meschke made a statement at Porsche’s development center this past week where he outlined the benefits of listing VW’s premium brands as a separate entity on the stock exchange. The premium brands he was referring to in his speech included Porsche, Bentley, Bugatti and Lamborghini.

“We would likely be viewed as a luxury goods manufacturer and the multiples are completely different compared with a normal premium brand,” Meschke told reporters. Analyst firm Evercore ISI estimated the VW Groups combined worth to be in the region of $170 billion, twice its current market capitalization, of which Porsche could make up more than half that amount if it were listed.

The Porsche Group was listed on its own before merging with the VW Group in 2009 and Evercore mentioned that, "from a governance, growth and profitability perspective, more autonomy and accountability would make the VW Group a better business. Separately listed legal entities would also provide VW with more flexibility."

Essentially, separating the different brands into more logical segments would be a beneficial move for the whole group. Meschke said that he had addressed the issue of the stock listing with company executives at VW Group headquarters and with the Porsche and Piech families that own a majority of the voting shares in the automaker.

Ferrari went public in 2016 and it had a knock-on effect for the Fiat Chrysler Group too with values of both organizations rising. While nothing concrete has been announced yet, a partial listing of the VW luxury brands may well be in the cards in the near future.

View the original article here

Porsche Sales Are So Strong It Doesn’t Need A Stock Market Listing

At least according to its current CEO.

Porsche CEO Oliver Blume is feeling confident these days. Despite recent rumors regarding a potential grouping of VW Group’s premium brands (Audi, Bentley, Bugatti, Porsche, and Lamborghini) into a single unit to spin-off for an initial public offering with a potential valuation as high as $18 billion, Porsche sales remain stronger than ever. Perhaps that’s why Blume doesn’t see the need for a stock market listing, according to Reuters.

Blume is confident the brand will surpass last year’s record sales year by the end of this December, so why is an IPO even necessary? In the first nine months of this year, Porsche sold an impressive 196,562 vehicles worldwide. Sales of all models, including the 911 and Panamera, are up. Both the Chinese and European markets have grown this year, so far by 4 and 9 percent, respectively.

“In the light of these good numbers we expect that we can reach last year’s record again,” Blume said last week. In 2017, Porsche delivered a total of 246,375 vehicles. Given this year’s sales figures so far, Porsche is very much on track to beat its own record. But what about the huge investments needed for, say, electric car technology developments? Wouldn't the lucrative benefits of an IPO provide for that?

Yes, but Blume believes partnerships with other companies (not necessarily automakers) and leaner production and modernized development processes are the better way to go. Take the Panamera Sport Turismo, for example.

Blume boasted that it “was launched without building physical prototype vehicles,” meaning it was developed digitally. Another useful tool Porsche has is fellow VW brand Audi. Because both brands have many things in common they’re able to pool their resources together on things like platforms, modules, and other components.

“A good example of such synergies is our cooperation in the area of battery cells for our electric cars. Both of us, Porsche and Audi, source them from LG Chem, which has built up a plant for this in Poland,” Blume added. Despite Blume’s confidence, does the VW Group board of directors feel the same way? Although Porsche is doing great these days, the desire for greater profits could change easily the current situation.

View the original article here

Porsche Sales Are So Strong It Doesn’t Need A Stock Market Listing

At least according to its current CEO.

Porsche CEO Oliver Blume is feeling confident these days. Despite recent rumors regarding a potential grouping of VW Group’s premium brands (Audi, Bentley, Bugatti, Porsche, and Lamborghini) into a single unit to spin-off for an initial public offering with a potential valuation as high as $18 billion, Porsche sales remain stronger than ever. Perhaps that’s why Blume doesn’t see the need for a stock market listing, according to Reuters.

Blume is confident the brand will surpass last year’s record sales year by the end of this December, so why is an IPO even necessary? In the first nine months of this year, Porsche sold an impressive 196,562 vehicles worldwide. Sales of all models, including the 911 and Panamera, are up. Both the Chinese and European markets have grown this year, so far by 4 and 9 percent, respectively.

“In the light of these good numbers we expect that we can reach last year’s record again,” Blume said last week. In 2017, Porsche delivered a total of 246,375 vehicles. Given this year’s sales figures so far, Porsche is very much on track to beat its own record. But what about the huge investments needed for, say, electric car technology developments? Wouldn't the lucrative benefits of an IPO provide for that?

Yes, but Blume believes partnerships with other companies (not necessarily automakers) and leaner production and modernized development processes are the better way to go. Take the Panamera Sport Turismo, for example.

Blume boasted that it “was launched without building physical prototype vehicles,” meaning it was developed digitally. Another useful tool Porsche has is fellow VW brand Audi. Because both brands have many things in common they’re able to pool their resources together on things like platforms, modules, and other components.

“A good example of such synergies is our cooperation in the area of battery cells for our electric cars. Both of us, Porsche and Audi, source them from LG Chem, which has built up a plant for this in Poland,” Blume added. Despite Blume’s confidence, does the VW Group board of directors feel the same way? Although Porsche is doing great these days, the desire for greater profits could change easily the current situation.

View the original article here