Deliveries of Porsche AG’s new coupe-styled four-door Panamera failed to offset the waning demand for the Cayenne and 911 models, possibly resulting to the quick decline of its first-half revenue.
However, volume drops of 40% in the fiscal first quarter that ended October 31 were cut to only 3% by the end of the first six months. In remarks prepared for delivery to shareholders on Friday, Porsche Automobil Holding SE CEO Martin Winterkorn pointed out an upwards trend. And for this reason, Porsche is forecasting its unit sales for the fiscal year 2009/10 to be slightly higher than those for the prior year.
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