There seems to be a constant stream of news these days about premium carmakers, most notably the Germans, reporting record increases in sales and profits.

The latest one is Porsche, which recently announced that its net operating profits for 2010 tripled over the figures reported in 2009.

The figures were for the short fiscal year from between August to December, but they were impressive nonetheless. Sales were up 59 per cent over the same period, and as a result, Porsche also created more jobs as well. Who says the economy is in decline?

And the growth is set to continue, as Porsche is continuing to expand and introduce new models to its range. Just this week, it has already confirmed that it will put into production its new small crossover SUV, the Cajun, which will compete against the likes of the BMW X3 and Range Rover Evoque.

And, as you might already know by now, Porsche is currently the seventh best selling make in Singapore, going by the results of the first two months of this year. That is some achievement considering that it is still primarily a sports car brand.

Anyone wants to predict where Porsche might stand this time next year?