Volkswagen and Porsche have reported profitable figures for 2009.

Porsche AG recorded revealed a profit margin of over ten per cent whiles Volkswagen’s was 2.4 per cent.

Reported figures relate to August 1st 2008 to July 31st 2009 for Porsche and January to June 2009 for Volkswagen, with the combined operating results standing at €1.9 billion euros (£1.7 billion).

Newly appointed Prof Dr Martin Winterkorn Porsche SE’s chief executive officer highlighted that both of the businesses have remained profitable in the economic downturn.

The company results before taxes for Porsche SE stood at minus 4.4 billion euros, whereas in 2008 this figure was 8.6 billion.

According to German commercial regulations, the full net profit will be paid to shareholders.

The revenue reserves currently stand at 8.23 million euros after it was necessary to take away one billion euros, the company stated.

In 1900 the first Lohner-Porsche electric was revealed at the Paris World Fair.

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