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Porsche to maintain double-digit profit margin, says CEO

Published Sun, Jul 10, 2016 · 09:50 PM
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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.

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