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Porsche Maintains Robust Profits, with 911 Model Offsetting Declining Sales
42 minute ago /
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Author：小编
Despite a significant decline in car sales, Porsche AG has maintained stable profits due to strong demand for its 911 sports car and high-priced derivative models. The company reaffirmed its full-year performance outlook, projecting revenue between €35 billion and €36 billion and an operating profit margin of 5.5% to 7.5%. To navigate the challenging environment, Porsche plans to implement layoffs, streamline its management structure, reduce R&D expenditures, and refocus on the high-end market after downsizing.
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