German luxury car manufacturer Porsche AG reported sales for August 2009-April 2010 rose 11.8% to 5.22 billion euros. Total sales of 53 605 units was recorded.

“Operating profit was recorded 600 million euros (USD744 million) during the period August to April,” Porsche said as quoted by AFP on Saturday (19/06/2010).

Where is the profit margin from the Porsche was recorded above 10 percent. This performance confirmed the Porsche as the lucky winner of the best automotive manufacturer in the world.

Porsche AG is currently 49.9 percent owned by VW. VW also construct a model Porsche 911, Cayenne and Panamera. Itum addition, Porsche SE, the parent company of Porsche AG, 32.2 percent of its shares are also owned by VW.

The entry of VW aims to reduce debt Porsche. As of 30 April, Porsche debt decreased to 6 billion euros from 6.1 billion euros in January position. Meanwhile, total debt Porsche SE in the 2008-2009 fiscal year recorded 11 billion euros.

Porsche intends to raise fresh funds of at least 2.5 billion euros in the first half of 2011. At that time, VW, Porsche will acquire. VW intends to make a Porsche as a model to 10. VW Porsche predicted to buy the remaining shares at a price of 3.9 billion euros.