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      02-20-2008, 05:34 PM   #29
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Porsche Boss Collects Giant Paycheck

Thousands of Porsche workers will receive a 5,200 euros (US$7,350) bonus because of a strong increase in sales worldwide and an expected improvement in profits, the luxury sports car maker said Friday.

The Stuttgart-based company, the world's most profitable carmaker, said some 8,000 workers would receive the special bonus, which is more than the 3,500 euros they received last year.

The company said it sold 97,515 cars in fiscal year 2007, which ended July 31, with sales rising 3.4 per cent to 7.4 billion euros ($10.5 billion).

The company has not yet released its complete year-end report, but the company expects its pretax profit to be significantly more than the 2.1 billion euros it posted for 2006, CEO Wendelin Wiedeking said last month.

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