• Most Popular
  • Most Shared

Porsche sees lower 911 sales, confirms FY outlook

Mon Jun 9, 2008 11:29am EDT

Stocks

   

(Corrects spelling of "decline" in first paragraph)

WEISSACH, Germany, June 9 (Reuters) - German sports car maker Porsche (PSHG_p.DE) expects sales of its flagship 911 model range to decline in the current fiscal year to end-July but confirmed on Monday total unit sales would be roughly flat at 97,500.

With the facelifted version of the 911 Carrera and Carerra S coupe and cabriolet set for market launch on July 5 in Europe and elsewhere in September, falling demand for the older models should push customer deliveries lower than the 37,415 sold in fiscal 2006/07.

"Sales will still be significantly over 30,000 units," Porsche production boss Michael Macht told reporters on Monday, adding that overall sales could possibly be "somewhat more" than 97,500 in the current fiscal year.

He expects sales of the four different versions due for a facelift to clearly surpass 10,000 units in the coming 2008/09 fiscal year. (Reporting by Christiaan Hetzner)



More from Reuters

Photo

New security restrictions could hurt airlines

NEW YORK (Reuters) - Tighter security measures at U.S. airports following an attempt to blow up a Detroit-bound jet could dampen enthusiasm for air travel, hurting the airline industry just as it seemed poised to recover from a period of bruising losses, some industry experts say.

A Delta Airbus 330 airliner sits on a runway at Detroit Metropolitan Airport in Romulus, Michigan in this video grab made December 25, 2009. Credit: REUTERS/WDIV TV/Handout

The battle in mid-air

The attraction of bombing airliners means the aviation industry has to be constantly vigilant in its fight against attackers.  Full Article 

A caution sign is seen next to a stock board at the Australian Securities Exchange (ASX) in Sydney September 5, 2008. REUTERS/Daniel Munoz
Political Risk in 2010:

Don't say we didn't warn you

With the financial crisis (mostly) in the past, U.S. investors are eying a fresh start to the coming year. Here's a look at what speedbumps lie ahead.  Full Article