Last $93.92 USD
Change Today -0.2825 / -0.30%
Volume 3.0
As of 10:43 AM 08/27/14 All times are local (Market data is delayed by at least 15 minutes).

porsche automobil hldg-prf (POAHF) Snapshot

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porsche automobil hldg-prf (POAHF) Details

Porsche Automobil Holding SE, an investment holding company, develops, produces, and sells passenger and sports cars, light commercial vehicles, trucks, and buses. It is also involved in financing, leasing, banking, and insurance activities. The company sells its products under the Volkswagen, Audi, ŠKODA, SEAT, Bentley, Lamborghini, Porsche, Bugatti, Scania, and MAN brands. It operates primarily in Europe, North America, South America, and the Asia-Pacific. The company was formerly known as Dr. Ing. h.c. F. Porsche Aktiengesellschaft. Porsche Automobil Holding SE is headquartered in Stuttgart, Germany.

porsche automobil hldg-prf (POAHF) Top Compensated Officers

Chairman of the Board of Management
Total Annual Compensation: €791.6K
Chief Financial Officer and Member of the Exe...
Total Annual Compensation: €560.5K
Member of Executive Board, Chairman of Manage...
Total Annual Compensation: €2.0M
Member of Executive Board
Total Annual Compensation: €745.1K
Compensation as of Fiscal Year 2013.

porsche automobil hldg-prf (POAHF) Key Developments

Porsche AG Plans to Launch its 2015 911 Sports Car

Porsche AG is planning to launch its 2015 911 sports car at the 2014 Los Angeles auto show, scheduled for later this year. The model is likely to be launched with the 992 designation rather than the present 911's 991 chassis code. The updated 911 range will include models like the 4S and Turbo that are likely to be launched during the following months.

US Court of Appeals Affirms Dismissal of Hedge Funds' Lawsuits against Porsche Automobil Holding

Porsche Automobil Holding achieved a further success in lawsuits with U.S. hedge funds. The Court of Appeals for the Second Circuit affirmed the U.S. District Court for the Southern District of New York's dismissal of the lawsuits of the eight hedge funds remaining in the appeal as of December 30, 2010, in which the jurisdiction of the U.S. courts as claimed by the hedge funds was rejected. The plaintiffs asserted claims against Porsche SE under the U.S. securities laws and common law arising out of Porsche SE's acquisition of and disclosures regarding Volkswagen ordinary shares in 2008. However, the plaintiffs can act procedurally against this decision.

Porsche SE Announces Earnings Results for the First Half of Fiscal 2014; Provides Earnings Guidance for the Full Year of Fiscal 2014

Porsche SE announced earnings results for the first half of fiscal 2014. For the six months, the company has announced an increase in profit. The company achieved a group profit of EUR 1.74 billion for the first half of this year, compared with EUR 1.49 billion for the first half of 2013. The improvement was due in part to growing earnings at the Volkswagen group. The company provided earnings guidance for the full year of fiscal 2014. The company predicts its full year profit to be between EUR 2.2 billion and EUR 2.7 billion.


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