Porsche CEO Admits Long Anticipated Fourth Model Line is Coming

Porsche Profits are Way Up and Should Stay in the Black despite Strong Euro

All those who questioned Porsche's decision to go into the sport utility business when it initially announced the scheme

Porsche has never been so profitable, with revenues as of Wednesday showing a 4 percent gain to $2.66 billion USD. (Photo: Shawn Pisio, Canadian Auto Press)

are strangely silent today, except for the odd muttering about the brand now selling more SUVs than sports cars.

Those on Porsche's board are hardly worried about that fact, however, as the automaker has never been so profitable with revenues as of Wednesday showing a 4 percent gain to $2.66 billion USD. Sales were up by a substantial 7 percent during the last four months running up to November 30th, once again lead by

The all-new 911 spurred Porsche's sales in November to the tune of 8,452 units. (Photo: Porsche Cars North America)

the Cayenne showing a 15.2 percent increase in sales at 13,011 units.

But while the Cayenne may have been the Porsche sales leader, the all-new 911 spurred on sales in November to the tune of 8,452 examples, a rise of 18.6 percent.

Sales of the Boxster are down by 46.7 percent with only 1,916 buyers taking the bait, although for good reason. A completely redesigned Boxster will roll out in early 2005, which no doubt will reverse these numbers.

The new Boxster, 911 and ever-popular Cayenne should mean 2005 will be another banner year for the independent automaker.