Porsche will sell around 80,000 cars in the current fiscal year and expects to post a full-year operating profit of between 700 million euros ($979.5 million) and 800 million, a state politician told a German newspaper. Claus Schmiedel, a member of parliament in Porsche's home state Baden-Wuerttemberg, told Stuttgarter Nachrichten in an interview to be published on Saturday he had spoken to Porsche's finance chief and taken a look at the carmaker's books.
"On an operating level Porsche does not have a problem -- unlike other producers," Schmiedel said, adding the company will achieve an operating margin of 12 percent.
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