The Less You Rely on China, the More You Earn! Porsche Proves It: Ditch China, Profits Soar 40X
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According to recently released financial results from the Volkswagen Group subsidiary, sales revenue fell 5.9 percent from a year earlier to 25.28 billion euros, or $28.19 billion, in the first nine months. Global vehicle deliveries fell 16 percent to 178,532. Operating profit, however, rose to 1.74 billion euros, or $1.94 billion, with a margin of 6.9 percent. A year earlier, profit was just 40 million euros, with a margin of 0.2 percent.
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