Serious cashola

When you think of iconic sports cars Porsche is up there with the Ferrari's and Lamborghini's of the world, but you might not really appreciate just how popular the German automaker really is.

After struggling to stay afloat during the 90s, Porsche transformed itself into a billion dollar company providing a range of different vehicles to a varied customer base. It's this wide range - including luxury sports cars, sedans and four-wheel drives - and the continued evolution of the company's business practices that saw it become not only a leader in automobile manufacturing but achieve record-breaking sales, with over 246,000 Porsche's sold in 2017 alone.

Porsche

Record sales mean record profits, and according to a study by CBNC Porsche earned more than US$4.82 billion before taxes in 2017, equating to an astonishing US$153 a second.

Breaking this sum down even further finds Porsche's profits equals about US$9,176 every minute, nearly US$550,595 every hour, more than US$13.2 million every day and nearly US$92.8 million every week. These figures are absolutely mind-blowing for a luxury automobile company, especially when you consider the total revenue of Porsche during 2017 equates to more than US$26.85 billion, roughly US$73.3 million per day.

Not bad for a company that almost went bankrupt a few decades ago.

Via D'Marge

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