Mercedes Benz

At least according to its current CEO. Porsche CEO Oliver Blume is feeling confident these days. Despite recent rumors regarding a potential grouping of VW Group’s premium brands (Audi, Bentley, Bugatti, Porsche, and Lamborghini) into a single unit to spin-off for an initial public offering with a potential valuation as high as $18 billion, Porsche sales remain stronger than ever. Perhaps that’s why Blume doesn’t see the need for a stock market listing, according to Reuters. Blume is confident the brand will surpass last year’s record sales year by the end of this December, so why is an IPO even necessary? In the first nine months of this year, Porsche sold an impressive 196,562 vehicles worldwide. Sales of all models, including the 911 and Panamera, are up. Both the Chinese and European markets have grown this year, so far by 4 and 9 percent, respectively. “In the light of these good numbers we expect that we can reach last year’s record again,” Blume said last week. I...

At least according to its current CEO. Porsche CEO Oliver Blume is feeling confident these days. Despite recent rumors regarding a potential grouping of VW Group’s premium brands (Audi, Bentley, Bugatti, Porsche, and Lamborghini) into a single unit to spin-off for an initial public offering with a potential valuation as high as $18 billion, Porsche sales remain stronger than ever. Perhaps that’s why Blume doesn’t see the need for a stock market listing, according to Reuters. Blume is confident the brand will surpass last year’s record sales year by the end of this December, so why is an IPO even necessary? In the first nine months of this year, Porsche sold an impressive 196,562 vehicles worldwide. Sales of all models, including the 911 and Panamera, are up. Both the Chinese and European markets have grown this year, so far by 4 and 9 percent, respectively. “In the light of these good numbers we expect that we can reach last year’s record again,” Blume said last week. I...