Strong demand from China, Russia and the United States drove Germany luxury car maker Porsche to its best ever business year in 2011, the firm said on March 13, as operating profit soared 22 percent. Operating profit rose to 2.05 billion euros ($2.68 billion) on turnover of 10.9 billion euros, the firm said in a statement.
In 2011, Porsche sold just short of 117,000 of its iconic 911 sportscars, Boxsters, Cayennes and Panameras, a gain of 21 percent on the previous year.
"This was due to higher demand in China, the United States, Russia and in the home market of Germany," the firm said in a statement. "In terms of vehicles sold, turnover and operating profit, 2011 was the most successful business year in the firm's history," said CEO Matthias Mueller. The firm is aiming to sell 200,000 vehicles per year by 2018, it said. It is also hoping to receive an extra push from its new sports utility vehicle Macan, expected to come onto the market in 2014.
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