Porsche to maintain double-digit profit margin, says CEO
Stuttgart
PORSCHE aims to keep its profit margin running at a double-digit percentage of sales in the coming years, chief executive Oliver Blume said last Friday, benefiting from more efficient production while boosting spending on its first all-electric car.
The Volkswagen-owned sports car maker is investing about one billion euros (S$1.5 billion) at its headquarters in Zuffenhausen and creating more than 1,000 jobs there to build the battery-powered Mission E model.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Transport & Logistics
EV automakers get reprieve in US tax credit rules
Abu Dhabi hub carrier Etihad adds banks to US$1 billion IPO
Luminar to cut nearly 20% jobs as part of restructuring
Chinese share of French EV market slumps after incentives curbed
Ferrari unveils US$423,000 sports car with 1960s bloodline
Airbus called for compensation to take on money-losing Spirit operations: sources