This Week:

• VOLKSWAGEN Phaeton - Start of a new era
  .
• Ford Strengthens Leadership Team
  .
• Diesel MINI announced
  .
• The Last Chrysler Prowler Ever Built Sold for $175,000 at Christie New York Auction
  .
• GM'S AUTOnomy Receives Prestigious Award
  .
• Hyundai Motor America Celebrates the Grand Opening of Its First Baltimore Port Processing Facility
  . .
• BMW Group sees ongoing positive development
  .
• Toyota Opens New Financial Services Center In Owings Mills, Maryland
  .
• Porsche enhances liquidity position for future growth
  .
• DaimlerChrysler Award for South African Sculpture 2002 goes to Jane Alexander

© 1998 - 2002 Copyright & 
Disclaimer
Automotive Intelligence,
www.autointell.com
All Rights Reserved .
For questions please contact
editor@autointell.com  

News of May 22, 2002

Porsche enhances liquidity position for future growth

New bond for 300 million euros

Stuttgart - Under the guarantee of Dr. Ing. h.c. F. Porsche AG, Stuttgart, Porsche International Financing plc., Dublin - the financing company in the Porsche Group - is issuing a euro fixed-income bond worth a total nominal amount of 300 million euros. It is planned that the bond will be issued shortly. The final terms of the bond - expected to be in an intermediate maturity - will be established when the bond is launched. The bond will be listed on the Baden-Wuerttemberg Stock Exchange in Stuttgart.

The bond is designed to guarantee the liquidity provision of the Porsche Group for its future growth. Porsche is taking these liquidity provision measures in view of the fact that a euro bond issued in 1997 for approximately 100 million euros will mature on 16th May this year.

In the first half of the financial year 2001/02 (1st August 2001 to 31st July 2002), the Porsche Group increased both its sales and its profits once again. For the total current financial year, it is expected that sales and the pre-tax result will at least equal the levels of the previous year.

(May 14, 2002)

[Homepage] [ News] [ Companies] [ Management] [ Publications] [ Events] [ Careers]
[Services] [Discussion] [ Guestbook] [ Search]