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Top new models for SA

From Renault's new Alaskan bakkie to the latest models at the Frankfurt motor show bound for SA.

Electric cars in SA

The debate on whether or not Electric Vehicles (EV) are viable in South Africa rages on.

Porsche in fast lane

2006-01-27 14:28
Porsche, which runs its business year from August to July, said in a statement that it booked net profit of $204m in the six months to January, a rise of 13% compared to the year-earlier figure.

Pre-tax profit surged 11.3% on a 15% rise in sales, the statement said.

Unit sales rose by 16.8% to 41 750 vehicles.

"We can look forward to the whole 2005/2006 business year with optimism," Porsche said.

Full-year unit sales are expected to rise to more than 90 000 vehicles from 88 379 last year.

Revenues are expected to grow and earnings remain high, despite the development costs of the new Panamera model, Porsche said.

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