View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. News
March 4, 2003

GERMANY: Porsche cannot rule out Iraq war effect on sales but sticks to forecast

According to Reuters, Porsche said on Monday that it could not rule out a downturn in vehicle sales due to a possible war in Iraq but stuck to a prediction it would sell 65,000 cars in 2002/2003.

By bcusack

According to Reuters, Porsche said on Monday that it could not rule out a downturn in vehicle sales due to a possible war in Iraq but stuck to a prediction it would sell 65,000 cars in 2002/2003.

“The effects of a possible escalation of the Iraq conflict on the market are hard to judge,” Porsche said in a statement reported by Reuters. “For this reason negative effects on the business development and on the unit sales cannot be ruled out.”

Reuters said that Porsche also confirmed preliminary figures released in late January showing its pretax profit had risen 19% to $US201 million in the first half of its business year, with sales rising almost 20% to $2.3 billion.

Topics in this article:
NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. The top stories of the day delivered to you every weekday. A weekly roundup of the latest news and analysis, sent every Monday. The industry's most comprehensive news and information delivered every quarter.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED

THANK YOU

Thank you for subscribing to Just Auto