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Porsche said it raised its ownership in Manthey Racing to 67% and will expand collaboration on special models, performance kits, and track experiences. Remaining 33% is held by Manthey managing directors Nicolas and Martin Raeder.
PepsiCo cut its full-year earnings outlook as inflation, higher advertising costs and continued weakness in North America weighed on results. The company said it is working to reduce expenses and revive sales.
PepsiCo cut its full-year earnings outlook, citing inflation, higher advertising costs and continued weakness in North America. The company said it is working to reduce expenses and revive sales.
Porsche AG said it raised its stake in Manthey Racing GmbH to 67% as part of its 'Sportwagenschmiede '35' strategy and the newly created 'Home of Sports Cars' platform.
PepsiCo said its North American unit underperformed and trimmed its outlook. The company reported fiscal third-quarter profit of $3.05 billion, or $2.23 a share, versus $2.6 billion, or $1.90 a share, a year earlier.
Oct 7 (Reuters) — DR ING HC F PORSCHE AG: Dr Ing Hc F Porsche Ag - Presents New Strategy 'Sportwagenschmiede '35' Through 2035 Dr Ing Hc F Porsche Ag - Plans To Lower Break-even Point To Below 200,000 Units Dr Ing Hc F Porsche Ag - Long-term Strategic Target Is 15 Per Cent Group Operating Return On Sales And 12 Per Cen