Porsche denies per-vehicle profit figures

Porsche has issued an official statement to the press refuting a claim by B&D Forecast that the automaker makes an average of $28,000 on every vehicle it sells. Porsche says the figure was derived by dividing the company's $2.7 billion profit by the 96,794 vehicles it sold in 2005. However, that figure includes one-time income not related to car sales.





"The calculation is misleading because it does not take into account the extensive one-off and extraordinary effects which impacted the pre-tax result of the Porsche Group in the 2005/06 financial year and which have nothing to do with the original Porsche business," the statement reads.

$263 million Euros of the pre-tax result comes from the participation in Volkswagen AG, the company said. Porsche also said it earned several hundred million from "hedging transactions in connection with the VW participation." Porsche also earned over $100 million from sale of CTS Fahrzeug-Dachsysteme. Although Porsche hasn't disclosed exactly what amount of profit comes from its vehicle business, it's safe to assume the automaker earned between $10,000 and $20,000 per car -- still an impressive figure.