Porsche posts ‘extraordinary’ financial results for 2015

© Getty Images

Porsche has reported a fifth consecutive record financial year for 2015 as it enjoyed a 25% increase in both revenue and profit.

2015 may have been a highly successful year for Porsche on-track as it won the FIA World Endurance Championship, the 24 Hours of Le Mans and Petit Le Mans, but it has also proven to be a strong one off it in spite of the emissions scandal impacting on parent company Volkswagen.

According to a release issued by Porsche on Friday, sales revenue increased 25% to €21.5 billion ($23.8 billion) in 2015, while operating profit rose by the same percentage to €3.4 billion ($3.77 billion).

The released added: “At the presentation of the financial report in Stuttgart-Zuffenhausen, Oliver Blume, Chairman of the Executive Board of Porsche AG, spoke of ‘extraordinary results even by Porsche standards.'”

Blume added: “We have achieved our strategic goals of the last years. Within the scope of Strategy 2025, we are now realigning the company for the future. We focus on customer enthusiasm, financial return and safe jobs. In doing so, we consequently follow our way of value-creating growth.”

If Porsche can repeat its on-track escapades in 2016 from last year as well as its financial ones, it will only strengthen its position as one of the world’s most prominent car brands.

Santino Ferrucci will drive No. 14 for AJ Foyt Racing full time in 2023 IndyCar season

Santino Ferrucci AJ Foyt
James Gilbert/Getty Images

Santino Ferrucci will return to full-time racing in the NTT IndyCar Series next season, joining AJ Foyt Racing.

Ferrucci had made eight IndyCar starts with three teams since his last full-time season in 2020 while also racing part time in the NASCAR Xfinity Series this year.

He will drive the storied No. 14 Dallara-Chevrolet for four-time Indy 500 winner A.J. Foyt’s team, which will field the car from its Waller, Texas headquarters.

“It’s incredibly exciting to be back in the INDYCAR Series full time,” Ferrucci said in a team release. “Being a part-time driver over the last two years has been hard for me, personally. I’m a race car driver, and I want to compete. Working with different teams has been exciting, and I’m proud that no matter which car I’ve raced, I’ve always shown speed and consistency. I couldn’t be more excited to join AJ Foyt Racing in the 14 Chevy. I can’t wait to make the best of it.”

Ferrucci, 24, had finished a career-best fourth in IndyCar four times, including the 104th Indy 500 in 2020. He was the 2019 Indy 500 rookie of the year with a sixth.

In nine Xfinity starts since 2021, Ferrucci has a career-best finish of 13th at Las Vegas Motor Speedway.

“I am thrilled to welcome Santino to the team,” Larry Foyt said in a release. “He’s shown a knack for getting toward the front of the field, and I think he is a racer who moves forward on race day. A.J. sees the fire in him and has enjoyed their meetings together. I think Santino’s experience will help his rookie teammate as well, so he is a great addition to our roster.”

Ferrucci will be teamed at AJ Foyt Racing with Benjamin Pedersen, who finished fifth in the 2022 Indy Lights standings. The team has yet to specify the number for Pedersen’s entry, which will be fielded out of its Indianapolis race shop.

Foyt’s two full-time drivers last season were Dalton Kellett and Kyle Kirkwood, who is moving to Andretti Autosport.