Almost a century after its founder started designing automobiles,
Porsche is still going strong and that’s the result of a premier cure
for a mid-life crisis similar to Harley-Davidson.
Porsche's lineup includes four model lines: the Boxster, the 911 models, the
Cayenne SUV, and the Carrera GT. And if these vehicles are
too expensive, Porsche also offers watches, luggage, and tennis
rackets bearing its name.
Descendants of the founding family still control the company and these days it has enlarged its area
by offering consulting services to other companies involved in
auto and furniture manufacturing, mechanical and electronic
engineering, and construction.
Over the years, Porsche transformed itself from serious
money-loser into one of the most profitable car companies in
the world, all this while other car manufactures toil over cash
incentives, market share and strategies for the Chinese market.
Porsche has constantly rolled out new products and despite
the costs and risks is has quadrupled its annual unit sales in just
under a decade. The most recent debuts are the Boxster and the Cayenne.
And so far, the key of their success seems to be the long
product life cycles and the company intends to maintain this
strategy.
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