Porsche braces for lower sales era, seeks lifeline from luxury
BERLIN/FRANKFURT: Porsche is steeling itself for persistently lower sales, the Volkswagen brand said on Wednesday, pitching a turnaround plan to investors that aims to boost margins with a focus on top-end models. The sports car maker, which like parent Volk...
BERLIN/FRANKFURT: Porsche is steeling itself for persistently lower sales, the Volkswagen brand said on Wednesday, pitching a turnaround plan to investors that aims to boost margins with a focus on top-end models. The sports car maker, which like parent Volkswagen is undergoing restructuring to address weak demand and high costs, said it would lower its future break-even point to fewer than 200,000 units, compare...