Porsche Continues Growth Course

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Porsche Continues Growth Course
Porsche Continues Growth Course

Video: Porsche Continues Growth Course

Video: Porsche Continues Growth Course
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The car manufacturer Porsche remains on the road to success. In the first half of the year, the Stuttgart-based company sold more than 69,000 vehicles worldwide, an increase of 14 percent.

The sports car manufacturer Porsche is heading for a record year. With 69,171 vehicles sold worldwide in the first half of 2012, the carmaker delivered 14.0 percent more sports cars to customers than in the same period last year, as Porsche AG reported on Wednesday. In June, the Stuttgart-based company even increased its deliveries by 18.9 percent to 12,699 cars.

«Porsche successfully continued its growth path in the first half of the year. But we cannot decouple ourselves from the economy as a whole,”said Bernhard Maier, Chief Sales Officer. The manufacturer remains vigilant, particularly with regard to the European economic area, but is optimistic despite the debt crisis: "We are currently planning double-digit growth for 2012."

Porsche Cayenne most successful series

The most successful series in the first half of the year was the Cayenne off-road vehicle - with 34,727 vehicles sold and an increase of 15.5 percent compared to the same period of the previous year. Porsche could threaten from Brussels, however. The EU Commission announced on Wednesday that it would examine state aid for the sports car manufacturer's plant in Leipzig. A state cash injection of 43.67 million euros is planned for the only East German Porsche plant. The authority is now investigating, among other things, whether the distortion of competition in favor of Volkswagen-Porsche is reasonable or whether it would unduly disadvantage other manufacturers.

A week ago, Volkswagen announced that it would end the months-long stalemate about how to proceed at Porsche by taking over the remaining 50.1 percent of the Stuttgart-based sports car business. 49.9 percent already belong to Wolfsburg. VW intends to acquire the missing shares by August 1st. For this, the car manufacturer pays around 4.46 billion euros in cash. (dpa)

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