Porsche pitches turnaround plan to boost margins
Porsche said it expects a persistently lower sales era and is seeking a turnaround plan focused on boosting margins via top-end models.
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06:07:42 AM UTC
SquawkNews
Porsche XETR:P911 is aiming for a group operating return on sales of 15% in the long term, the German sports car maker and Volkswagen XETR:VOW subsidiary said on Wednesday, as it presents a turnaround strategy to compensate for lower sales with profit-boosting luxury.In the medium term, the company…