BMW and Porsche, two of Europe’s most recognisable family-controlled luxury car manufacturers, have reported strong profits for the first six months of the year, following difficult trading in 2010.
Porsche, which is majority owned by the Porsche and Piech families, saw pre-tax profits of €149 million for the first half of 2011, compared to a loss of €1.62 billion in the same period last year.
